Patanjali foods share price

Baba Ramdev-backed Patanjali Foods shares hit the headlines for breaching ₹50,000 crore market cap and a new 52-week high of ₹1,415 on BSE. However, the stock retraced from its 52-week high and it is now available at a price of ₹1,343 per share. HDFC Securities sees this retracement as an opportunity to buy. The brokerage believes that Baba Ramdev-backed FMCG stock may go up to ₹1,602 apiece levels in next two quarters. This means, HDFC Securities believes that the stock may surge around 20 per cent in next six months. "In the near term, the company’s focus would remain on strengthening the existing business segments, increase market share and profitability, while venturing into new synergetic segments that are aligned strategically, to enhance the business profitability. Going ahead, we expect the company to achieve 22% CAGR growth in its revenues largely driven by foods business which is expected to nearly grow ~4x on the account of the recent acquisition and scaling up of the same. This shall increase the contribution of the foods business to around 20% in FY24 from 14% in FY22. Oils business is expected to grow by 14% CAGR over FY22-24E with higher realisations. The volume growth is expected to be in mid-single digits and better than industry growth as it piggybacks on Patanjali’s vast distribution network," the brokerage said. Since Patanjali’s takeover in FY19, the company’s margins have improved from 1% to 6.1% in FY22. Going ahead, on account of increasing contribu...

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• 7:48p Barron's An Important Stock Market Milestone Sets the Stage for More Gains • 7:36p Barron's A Schwab Wealth Survey Reveals a Paradox • 7:33p Barron's Look Out, Nvidia: Kroger Is an AI Stock Now • 7:27p These money and investing tips can get your stock and bond portfolio into shape • 6:54p Barron's The Fed Doesn’t Like Dissent. That Could Be a Problem. • 6:50p Barron's Adidas Stock’s Comeback Plan: China, Messi, and No More Yeezy • 6:48p Bank lending falls for first time in a month, Fed says • 6:40p Barron's Alkermes, Cogent Biosciences See Activist Action • 6:37p MedMen CFO Bowman resigns • 6:35p Barron's Netflix Stock Can Hit $500 • • to be replaced Patanjali Foods Ltd. Patanjali Foods Ltd. engages in the manufacture of edible oils, vanaspati, bakery fats, and soya foods. It operates through the following segments: Extractions, Vanaspati, Oils, Food Products, Wind Power Generation, and Others. The Extraction segment includes types of seed extractions. The Vanaspati segment offers bakery fats and table spreads. The Oils segment consists of crude and refined oils. The Food Products segment comprises of textured soya protein, soya flour, fruit juice, and soya milk. The Wind Power Generation segment involves in the electricity generation from wind mills. The Others segment includes gram, wheat, rice, maize, corn, seeds, coffee, marine products, tuar, peas, barley, soap, fresh fruit bunch, seedling, plant and equipment, cotton bales, toiletry preparations, and cottonse...

Baba Ramdev-backed Patanjali Foods shares hit the headlines for breaching ₹50,000 crore market cap and a new 52-week high of ₹1,415 on BSE. However, the stock retraced from its 52-week high and it is now available at a price of ₹1,343 per share. HDFC Securities sees this retracement as an opportunity to buy. The brokerage believes that Baba Ramdev-backed FMCG stock may go up to ₹1,602 apiece levels in next two quarters. This means, HDFC Securities believes that the stock may surge around 20 per cent in next six months. "In the near term, the company’s focus would remain on strengthening the existing business segments, increase market share and profitability, while venturing into new synergetic segments that are aligned strategically, to enhance the business profitability. Going ahead, we expect the company to achieve 22% CAGR growth in its revenues largely driven by foods business which is expected to nearly grow ~4x on the account of the recent acquisition and scaling up of the same. This shall increase the contribution of the foods business to around 20% in FY24 from 14% in FY22. Oils business is expected to grow by 14% CAGR over FY22-24E with higher realisations. The volume growth is expected to be in mid-single digits and better than industry growth as it piggybacks on Patanjali’s vast distribution network," the brokerage said. Since Patanjali’s takeover in FY19, the company’s margins have improved from 1% to 6.1% in FY22. Going ahead, on account of increasing contribu...

Baba Ramdev-backed Patanjali Foods shares hit the headlines for breaching ₹50,000 crore market cap and a new 52-week high of ₹1,415 on BSE. However, the stock retraced from its 52-week high and it is now available at a price of ₹1,343 per share. HDFC Securities sees this retracement as an opportunity to buy. The brokerage believes that Baba Ramdev-backed FMCG stock may go up to ₹1,602 apiece levels in next two quarters. This means, HDFC Securities believes that the stock may surge around 20 per cent in next six months. "In the near term, the company’s focus would remain on strengthening the existing business segments, increase market share and profitability, while venturing into new synergetic segments that are aligned strategically, to enhance the business profitability. Going ahead, we expect the company to achieve 22% CAGR growth in its revenues largely driven by foods business which is expected to nearly grow ~4x on the account of the recent acquisition and scaling up of the same. This shall increase the contribution of the foods business to around 20% in FY24 from 14% in FY22. Oils business is expected to grow by 14% CAGR over FY22-24E with higher realisations. The volume growth is expected to be in mid-single digits and better than industry growth as it piggybacks on Patanjali’s vast distribution network," the brokerage said. Since Patanjali’s takeover in FY19, the company’s margins have improved from 1% to 6.1% in FY22. Going ahead, on account of increasing contribu...

• 7:48p Barron's An Important Stock Market Milestone Sets the Stage for More Gains • 7:36p Barron's A Schwab Wealth Survey Reveals a Paradox • 7:33p Barron's Look Out, Nvidia: Kroger Is an AI Stock Now • 7:27p These money and investing tips can get your stock and bond portfolio into shape • 6:54p Barron's The Fed Doesn’t Like Dissent. That Could Be a Problem. • 6:50p Barron's Adidas Stock’s Comeback Plan: China, Messi, and No More Yeezy • 6:48p Bank lending falls for first time in a month, Fed says • 6:40p Barron's Alkermes, Cogent Biosciences See Activist Action • 6:37p MedMen CFO Bowman resigns • 6:35p Barron's Netflix Stock Can Hit $500 • • to be replaced Patanjali Foods Ltd. Patanjali Foods Ltd. engages in the manufacture of edible oils, vanaspati, bakery fats, and soya foods. It operates through the following segments: Extractions, Vanaspati, Oils, Food Products, Wind Power Generation, and Others. The Extraction segment includes types of seed extractions. The Vanaspati segment offers bakery fats and table spreads. The Oils segment consists of crude and refined oils. The Food Products segment comprises of textured soya protein, soya flour, fruit juice, and soya milk. The Wind Power Generation segment involves in the electricity generation from wind mills. The Others segment includes gram, wheat, rice, maize, corn, seeds, coffee, marine products, tuar, peas, barley, soap, fresh fruit bunch, seedling, plant and equipment, cotton bales, toiletry preparations, and cottonse...

Patanjali Foods Ltd.: Share Price, Stock Analysis, Annual Report | Value Research Patanjali Foods Ltd.: Share Price, Stock Analysis, Annual Report | Value Research https://www.valueresearchonline.com/stocks/44125/patanjali-foods-ltd/ Get Patanjali Foods Ltd.'s stock analysis, price valuation, corporate actions, and financials from India's independent mutual fund research house. Business Patanjali Foods Limited engages in the processing of oil seeds and refining crude oil for edible use in India. The company operates through Seed Extractions; Oils & Vanaspati; Others (Food Products, etc.); and Wind Power Generation segments. It provides various types of seed extractions; Vanaspati, bakery fats, and table spreads; crude and refined oils; and textured soya protein and soya flour; seeds, soaps, fresh fruit bunches, toiletry preparations, and castor seeds; and wheat flour and honey, coffee, and seedling products, as well as oil meals and other value-added products, such as oleochemicals and soya products. The company offers its products under the Nutrela, Mahakosh, Sunrich, Ruchi Star, and Ruchi Gold brands. The company also generates electricity from windmills. It also exports oilseed meals/de-oiled cakes to 38 countries. The company was formerly known as Ruchi Soya Industries Limited and changed its name to Patanjali Foods Limited in June 2022. Patanjali Foods Limited was incorporated in 1986 and is headquartered in Indore, India. AMCs: • 360 ONE • Aditya Birla Sun Life • Axi...