New Delhi
Patanjali Foods shares have witnessed a surge of more than 5% on Tuesday, reaching a new 52-week high. The stock is currently trading at Rs 1,687, reflecting a 5.5% increase. Over the past year, Patanjali Foods’ stock has delivered a remarkable 43% return. In the last one month alone, it has seen a gain of 5.3%, and in the last quarter, the stock has recorded a substantial growth of 34%. Patanjali Foods, along with Coforge and IDFC First Bank, experienced the highest increase in stake by Foreign Portfolio Investors (FPIs) during the September quarter, as highlighted in a November report by Kotak Institutional Equities. The report also noted that mutual funds showed the highest increase in stake in Coforge, Sula Vineyards, and Restaurant Brands Asia. Banks and financial institutions increased their stake the most in Restaurant Brands Asia, Union Bank, and Amara Raja. The current surge in Patanjali Foods shares suggests positive investor sentiment and confidence in the company’s prospects.
