Patanjali Foods Ltd has scheduled a board meeting for October 24, 2024, to review its financial results for the quarter and half-year ending September 30, 2024. During this meeting, the board will also consider the declaration of an interim dividend for FY 2024-25. As of the last trading session, the shares of Patanjali Foods were priced at Rs 1,742, reflecting a decline of 1.85%. The company’s market capitalization is Rs 63,059.50 crore, and it has seen an increase in FII/FPI holdings from 10.30% to 14.39% in the September quarter.
In addition to these developments, Patanjali Foods has invested in KBC Global, which has raised approximately Rs 99.50 crore through a preferential issuance of 45.23 crore warrants at a price of Rs 2.20 each. Following this issuance, Patanjali’s holdings in KBC Global will rise to around 1.48%.
Patanjali Foods shares have performed well, gaining over 9% in the last three months, 19% in six months, and 33% over the past year. The stock has seen a remarkable increase of 47,828% over the last five years, with a 52-week high of Rs 2,030 (on September 4, 2024) and a low of Rs 1,170.10 (on June 4, 2023). Market reactions to the upcoming financial results and any potential dividend announcements will be closely watched.
Disclaimer: The information provided in this summary is for informational purposes only and should not be considered financial advice. The performance of Patanjali Foods Ltd shares and market reactions are subject to change based on various factors, including market conditions and company performance. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. The accuracy of the data presented is not guaranteed, and the author is not responsible for any financial losses incurred as a result of reliance on this information.
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