New Delhi: These days a lot of upheavals are being seen in the Share Market. At the same time, the stock of Yoga Guru Ramdev’s company Patanjali Foods Limited (Patanjali Foods) is coming down day by day. Last week, the investors of Patanjali Foods got a big blow. There has been a steady decline in the company’s stock in the last week. During this, the investors have suffered a loss of about Rs 7 thousand crores so far.
On February 3, the last trading day of the last week, the stock of Patanjali Foods hit the lower circuit and fell to Rs 903.35. At the end of the business, the share price stood at Rs 906.80. The market cap of the company is Rs 32,825.69 crore. Talking about a week ago i.e. on January 27, the share price was at the level of Rs 1102 and the market cap remained at the level of around Rs 40 thousand crore. In this way, a decline of Rs 7 thousand crores was registered in the market cap of the company in a week.
Patanjali Foods’ profit was up 15% in the third quarter
Let us tell you that the net profit of Patanjali Foods Limited increased by 15 percent to Rs 269.18 crore in the December quarter. The reason for the increase in net profit is the increase in sales. The company recently informed the stock market that its net profit was Rs 234.07 crore in the same quarter of 2021-22 a year ago. Pantjalit Foods’ total income for the quarter ended December 31 increased by 26 percent to Rs 7,963.75 crore from Rs 6,301.19 crore in the same period last year.
