PATANJALI FOODS SHARES
Adani bull GQG hikes stake in GMR Airports to over 5%
US-based GQG Partners has increased its stake in GMR Airports Infra from 4.74% to 5.17%. GMR Airports Infra shares, which gained 58% in the past year, continue to attract attention. Jefferies also recently added GMR to its portfolio, highlighting the company's growth potential.
Systematix initiates coverage on Patanjali Foods with buy rating, sees 24% upside
Brokerage Systematix has initiated coverage on Patanjali Foods with a 'Buy' rating and a target price of Rs 2,259, indicating a 24% upside from the previous closing price of Rs 1,828.50 per share. Systematix highlighted Patanjali’s aggressive plans in palm oil plantation and its strategy to capitalize on premiumization trends in its food business.
Hot Stocks: Brokerage view on Patanjali, Glenmark Pharma, Voltas and Sunteck Realty
Top brokerage firms have issued buy recommendations for several companies. Systematix Equities recommended Patanjali Foods citing growth potential. Motilal Oswal upgraded Glenmark Pharma. Jefferies maintained buy ratings on Voltas and Sunteck Realty after favorable operational results and encouraging future projections.
Marico Q1 Results: Cons PAT up 9% to Rs 464 crore on cooking, hair oil demand
India's Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year.
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How Adani bull Rajiv Jain’s GQG reshuffled 13-stock portfolio in election season
During June quarter, GQG Partners, led by Rajiv Jain, boosted stakes in Adani Energy, Adani Enterprises, Adani Ports, and ITC, while trimming holdings in IDFC First Bank and Patanjali Foods. GQG's India portfolio has grown to nearly Rs 90,000 crore, with notable gains from Adani stocks post-Hindenburg crisis.
Patanjali Foods' profit surges despite revenue dip, edible oil boosts bottomline
In a quarter when the promoters of Patanjali Foods - yoga guru Baba Ramdev and aide Acharya Balkrishna - had to issue an apex court-ordered public apology, the performance of the company didn't seem too adversely affected.
Stocks in news: IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel
Profit booking causes dip in equity indices after rally. IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Mahindra Bank, and JSW Steel in focus. RIL's profit down 5%. Major updates from YES Bank, Vedanta, JK Cement, HDFC Life, Patanjali Foods, Zaggle Prepaid, Jubilant Pharmova, EMS JV. Kotak Mahindra Bank posts Rs 6,250 crore profit.
Anti-Ayurveda cartel trying to damage Patanjali's reputation: Baba Ramdev
The yoga guru claimed that people are spreading rumours about the brand because Patanjali is not just a product but has become an ideology for millions of its consumers.
Stocks in news: Patanjali Foods, IOL Chemicals, Carysil, Tata Steel, Coal India
Coal India's coal production rose 8% to 189.3 million tonnes in the first quarter. Patanjali Foods approved the acquisition of the home and personal care business. DCX Systems received a Rs 1,250 crore order.
Patanjali Foods to buy group company's non-food business for Rs 1,100 crore
Patanjali Foods and Patanjali Ayurved have also agreed to enter into a licensing agreement, permitting Patanjali Foods to use the trademarks and associated intellectual property rights owned by the latter, the company said. Analysts said the acquisition would accelerate the company's objective of transitioning to an overall FMCG company.
Patanjali Foods to buy Patanjali Ayurved's home, personal care business for Rs 1,100 crore
Patanjali Foods Limited board approves Rs 1,100 crore acquisition of Patanjali Ayurved's Home and Personal Care business, leveraging brand equity in key segments for revenue growth and synergies. The company aims for product innovations and cost optimization.
Midcaps, smallcaps, microcaps plunge up to 20%. BHEL, HUDCO among top losers
Market fall on Tuesday impacted Nifty Midcap 100, Nifty Smallcap 100, and Nifty Microcap 250 indices. Midcap index fell by 7% to 49,623.10, Smallcap index dropped by 7% to 15,801.80, and Microcap saw 247 stocks in red.
Stocks in news: PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, Cipla
Benchmark equities surged for the third consecutive day on Tuesday. PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, and Cipla are in focus for news developments and quarterly results. RVNL, Dixon, and Titagarh will also announce their fourth quarter results today.
Patanjali Foods Q4 Results: Net profit falls 22% YoY to Rs 206 crore; revenue rises 4%
Patanjali Foods Q4 Results: The company reported a PAT of Rs 264 crore in the year-ago period. From Rs 7,873 crore posted in the same period last year, its revenue from operations rose 4% YoY to Rs 8,222 crore in the quarter under review. The Food and FMCG segment achieved an ever highest quarterly revenue of Rs 2,705 crore in the fourth quarter.
Stocks in news: Bharti Airtel, Bharti Hexacom, Patanjali Foods, Zomato, Shriram Finance, TCS, Vedanta
Shares of Bharti Airtel, Shree Cements, Patanjali Foods, Devyani and PVR Inox will be in focus as the companies will announce their fourth quarter results today.
GQG increases stake in Patanjali Foods by nearly 4 times, stock jumps 5.3%
GQG had invested around Rs 2,400 crore for acquiring a 5.96% stake in the offer for sale of Patanjali in July 2023. The US-based investment firm has been increasing its exposure to India after investing in the Adani group. It holds positions in companies including ITC and Sun Pharmaceutical Industries.
Big movers on D-Street: What should investors do with Patanjali Foods, Tata Investment and JBM Auto?
Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on Friday.
Patanjali Foods shares fall 5% after SC summons Baba Ramdev, Acharya Balakrishna
The apex court summoned the duo after Patanjali Ayurved failed to file a reply to a contempt notice issued to the company. The case is related to alleged misleading advertisements published by the company for its traditional ayurvedic medicines which claim to cure certain diseases.
Buy HDFC Bank, sell Paytm: Mutual fund's investing funda in February
Fund houses that picked more HDFC Bank shares in Feb were HDFC MF, DSP Mutual Fund, Franklin Templeton, and ICICI Prudential. A similar trend was seen in January as well when fund managers bought shares of HDFC Bank worth Rs 13,849 crore to take advantage of the dip in share prices following the disappointment in Q3 results.
Patanjali Foods shares crack 4% after SC's contempt notice
Patanjali Foods, in a regulatory filing on Tuesday, said that the SC order did not relate to Patanjali Foods Limited (PFL), which is an independent listed entity and operates in the space of edible oil and food FMCG products only.
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