Patanjali Foods Ltd

(PATANJALI)

Patanjali Foods Targets ₹1,500 Crore Revenue in HPC - 17 Sep, 2024

Patanjali Foods aims for ₹1,500 crore revenue from its HPC business this year, with a positive outlook on margins and growth. The company plans to scale its palm oil business significantly and has seen a 42% rise in shares over the past year.

GQG Partners Increases Stake in Patanjali Foods - 16 Sep, 2024

GQG Partners has raised its stake in Patanjali Foods by 1.24% through an open market transaction, acquiring shares from Patanjali Ayurved for Rs 1,815 crore.

GQG Partners Increases Stake in Patanjali Foods - 14 Sep, 2024

GQG Partners raised its stake in Patanjali Foods by 1.24% for Rs 835 crore, increasing its holding to 4.43%. Meanwhile, Patanjali Ayurved sold 2.71% stake, reducing promoter holdings to 70.1%. Patanjali Foods shares fell 3.75% to close at Rs 1,858.90.

Patanjali Foods Faces Stake Changes and Price Drop - 13 Sep, 2024

GQG Partners increased its stake in Patanjali Foods, while the stock price fell due to a large block deal and increased trading volume. Promoter entities are reportedly selling shares, impacting market sentiment.

Patanjali Foods Plans Major Stake Sale and Acquisition - 12 Sep, 2024

Patanjali Foods aims to raise up to $240 million through a block trade, selling a 3% stake. The company also reported a 199.43% YoY profit increase but a 7.6% revenue decline. Additionally, it announced the acquisition of Patanjali Ayurved's non-food business for ₹1,100 crore.

HDFC Securities Issues Buy Call on Patanjali Foods - 03 Sep, 2024

HDFC Securities has given a buy recommendation for Patanjali Foods with a target price of Rs 2295, noting a current market price of Rs 1971.1. The company reported a decline in total income for the quarter ended June 30, 2024, but maintains a strong promoter stake of 72.81%.

Delhi HC Addresses Misbranding of Patanjali Product - 30 Aug, 2024

The Delhi High Court has requested the Centre's stance on a petition regarding the misbranding of Patanjali's Divya Dant Manjan, which is labeled vegetarian but contains fish extract.

Patanjali Foods Reaches Record High with Strong Growth Outlook - 21 Aug, 2024

Patanjali Foods shares surged to a record high, gaining over 3%. Systematix initiated coverage with a Buy rating and a target price of Rs 2,259, citing strong growth potential in FMCG and palm oil sectors. The company reported a tripling of net profit to Rs 263 crore in Q1FY25, despite an 8% decline in revenue. Analysts project significant growth driven by product expansion and distribution improvements.

Patanjali Foods Stock Surges with Positive Analyst Ratings - 20 Aug, 2024

Patanjali Foods shares rose over 25% in three months, with Systematix initiating coverage and a BUY rating. The company aims for ₹40,000 crore revenue by FY27, driven by FMCG growth. Key risks include edible oil price volatility and integration challenges.

Systematix Issues BUY Rating for Patanjali Foods - 19 Aug, 2024

Systematix Institutional Equities has initiated a BUY rating on Patanjali Foods Ltd, targeting Rs 2,259, driven by aggressive palm oil plantation plans and expansion in the HPC business. The firm forecasts strong growth in sales, EBITDA, and profit after tax over the next few years.