The stock of Patanjali Foods, the only listed company of Yoga guru Ramdev, continues to rise. After last Friday, now even on Monday, the stock has touched a 52-week high. With this, the company’s market capital has crossed the Rs 50,000 crore mark.
In the last 5 years, the share price of Patanjali Foods has increased from about ₹ 21 to ₹ 1393 level. This is approximately 6,250 percent return. At the same time, in almost three years, this FMCG stock has risen from the level of Rs 3.54 to Rs 1393 per share on the BSE. Investors have got returns up to 39,250% in this short period.
On the first trading day of the week i.e. on Monday, the stock of Patanjali Foods reached the level of Rs 1,415 on the BSE. This is the 52-week high. In the last four trading days, the share price of Ramdev-backed company has increased from around ₹1285 to ₹1415. Investors have got returns of more than 10 percent in just these four trading days.
Let us tell you that the goal of Patanjali Foods wants to make India free from import of edible oil. To fulfill this objective, the company has planted palm trees in about 1.5 million acres of land which will continue to produce palm oil in the country for the next 40 years.
The stock of Patanjali Foods is also going to give dividend to the investors. The company has announced a dividend of ₹ 5 per equity share to its shareholders. The board of directors of the company has fixed 26 September 2022 as the record date for dividend payment. It means that this Multibagger FMCG stock is going to trade ex-dividend on 23rd Sept 2022. Let us tell you that Saturday and Sunday will be on 24th and 25th and there will be a weekly holiday in the stock market.