During Wednesday’s morning trading session, the shares of one of the leading FMCG players in India surged around 1 percent to Rs. 1,769.95 on BSE, after Life Insurance Corporation (LIC) of India increased its stake to 5 percent in the company.
With a market cap of Rs. 63,506.6 crores, the shares of Patanjali Foods Limited opened in the green at Rs. 1,769.95, as against its previous closing price of Rs. 1,754.6.
What’s the news:
LIC increased its shareholding in equity shares of Patanjali Foods from around 1.8 crore equity shares to nearly 1.81 crore shares, at an average cost of Rs. 1,764.96 per share through an open market purchase.
According to the latest regulatory filings with the stock exchanges, the shareholding of LIC increased from 4.986 percent to 5.02 percent of the paid-up capital of the company, reflecting a net increase of 0.034 percent in its holding.
Financials:
Patanjali Foods reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 4.2 percent, rising from Rs. 7,822 crores in Q2 FY24 to Rs. 8,154 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 255 crores to Rs. 309 crores, representing a growth of around 21.2 percent YoY.
Also read….
Shareholding Pattern:
As per the September 2024 shareholding pattern, the Promoters hold a 69.76 percent stake in the company, Foreign Institutional Investors (FII) hold a 14.39 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 10.57 percent and 5.28 percent stake in Patanjali Foods, respectively.
Stock Performance:
The stock has delivered positive returns of nearly 31.4 percent in one year, as well as around 22 percent returns in the last six months. So far in 2024, the shares of Patanjali Foods have given positive returns of about 12 percent.
About the company:
Patanjali Foods Limited, formerly known as Ruchi Soya Industries Limited, is engaged primarily in the business of processing of oil-seeds, refining crude oil for edible use, production of oil meal, food products from soya and value-added products from downstream and upstream processing.
It is also engaged in the Fast Moving Consumer Goods (FMCG) and Fast Moving Health Goods (FMHG) business comprising mainly of food, biscuits and nutraceutical products.
Additionally, the company is engaged in the generation of power from wind energy and trading in various products.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
