With Continuous Fall In Stock, Patanjali Foods' Investors Suffer Rs 7000 Crore Loss
The stock of Baba Ramdev's company Patanjali Foods is coming down day by day for the last 1 week. Investors who have invested money in the company have suffered a loss of about Rs 7000 crore so far. There is a possibility that the stock will come down further. Therefore, investors may have to bear further losses.
On February 3, the company's shares hit a lower circuit. It had rolled down to the price of Rs 903.35. At the end of trading, the share price stood at Rs 906.80, which shows a decline of 4.63 per cent as compared to a day ago. At the same time, the market capital of the company is Rs 32825.69 crore. On January 27, the share price was at the level of Rs 1,102. The market capital was at the level of around Rs 40,000 crore. In this context, the market capital has come down by Rs 7,000 crore in a week. Which has given a big blow to the investors.
Patanjali Foods has released the results for the quarter ending 31 December 2022. The company had reported that the profit is Rs 269 crore with an increase of 15 per cent. Whereas, in the period of 1 year ago it was at Rs 234 crore. The revenue of the company has increased by 26 per cent to Rs 7,929 crore. Same 1 year ago it was at Rs 6,280 crore.
