IPO of at least 4 companies of yoga guru Ramdev is about to come. He said this during a conversation with a news channel. Ramdev told that the names of the companies whose IPO is planned are Patanjali Ayurved, Patanjali Wellness, Patanjali Medicine and Patanjali Lifestyle. These IPOs will come within the next 5 years.
Another company of Ramdev, Patanjali Foods is already listed in the stock market. Actually, Patanjali Ayurved had acquired Ruchi Soya in 2019 which was a listed company. In the same year, Ruchi Soya’s name was changed to Patanjali Foods. The deal was worth around Rs 4,300 crore.
On Friday, the shares of Patanjali Foods closed at Rs 1380.35. During trading, this stock had reached Rs 1400 on BSE, which is its highest level of 52 weeks. Its shares are showing a very slight increase in early trade on Monday. According to experts, the price of the company’s shares can go up to Rs 1725.
In a report by research firm Antique, this stock has been given a buy rating. This stock has given a return of about 10 percent in the last 1 week. At the same time, in 1 month, the stock has given a profit of 12.89 percent to the investors.
Whereas the stock has gone up 53 percent in the last 6 months. Patanjali Foods has emerged as the fastest growing FMCG company in the country in the recent past. The company also sells various types of edible oils.
