Winning Bizness Desk
Mumbai. It seems that the achche din for companies of Yoga Guru Baba Ramdev are in the offing as the share of Patanjali Foods has emerged as a multibagger stock and in 3 years this stock has given tremendous returns to the lakhs of its investors. The company has also announced a dividend of Rs 5 per share to investors and its record date has been fixed on 26 September. Recently, Baba Ramdev had announced that the Patanjali group will also launch 4 IPOs in the coming time.
Shares have gained 38 percent
The shares of Patanjali Foods have gained 38 percent in the last 3 months. Similarly, this stock has given 46 percent returns to investors in the last 6 months. If we talk about the year 2022, then this year this stock has given 56 percent profit to investors so far. In a year, it has given 26 per cent of the returns to investors and in 3 years has given 39,250 per cent of the multibagger returns to investors.
4 times money in 3 years
Patanjali Foods has given tremendous returns to investors in the last 3 years. The investor who invested Rs 1 lakh in this stock 3 years ago, today the value of his investment has been Rs 3,99,717. Similarly, the investor who had invested 1 lakh rupees in Patanjali Foods 1 year ago is getting 1,26,000 rupees on Tuesday.
Market capitalization crosses 50 thousand crores
The stock of Patanjali Foods Limited reached the level of Rs 1,415 last week. This is its 52 week high. With this, Patanjali's market cap crossed the level of Rs 50 thousand crore once. Last week, Baba Ramdev had said in a press conference that Patanjali's business could double in the next five to seven years.
4 new IPOs in offing
Baba Ramdev recently addressed the press conference and said that the group company Patanjali Foods is listed in the stock market. IPOs of 4 other companies of the group will be brought in the next 5 years. Companies whose IPOs will come include Patanjali Ayurved, Patanjali Medicine, Patanjali Lifestyle and Patanjali Wellness.