Patanjali Foods share price: The record date to determine the eligibility of the shareholders set to receive the bonus equity shares was set on September 11.
The bonus shares will be credited within two months i.e., September 16, the company said
Stocks to watch, 16 May: Stocks like Onesource Specialty Pharma,One 97 Communications Paytm,Industrial Investment Trust, Alkem Laboratories, Bajaj Auto, Godfrey Phillips India, Endurance Technologies, Bikaji Foods International,Godrej Industries, Bharti Airtel, Infosys, JSW Energy, LIC Housing Finance, and Allied Blenders and Distillers will be in focus on May 16.
The benchmark indices need to decisively close above the previous day's high for a further upward move; until then, consolidation may be seen. Below are some short-term trading ideas to conside.
Jefferies expects Patanjali Foods to deliver high single-digit topline growth, coupled with margin expansion going ahead.
Stocks to Watch on Mar 17: Stocks like Quality Power Electrical Equipments, Dr Reddy’s Laboratories, Tata Motors, Voltas, Tejas Networks, KPIT Technologies, Galaxy Surfactants, NTC Industries, 3M India, International Conveyors, Ksolves India, Zydus Lifesciences, and SpiceJet will be in focus on March 17.
Shares of IREDA, Amara Raja, IIFL were also trading in the red
The tax dispute originated from multiple assessment years, with the Income Tax Department raising the demand, which was later struck down by the National Company Law Tribunal (NCLT) and upheld by the Bombay High Court.
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Stocks To Watch, Feb 20: Stocks like RITES, Patanjali Foods, National Fertilizers, Cyient, Awfis Space Solutions, IRIS Business Services, Torrent Power, Sundaram Clayton, Flomic Global Logistics, BSE, and Windlas Biotech will be in focus on February 20.
Stocks like Devyani International, Exide Industries, UltraTech Cement, Adani Enterprises, GE Vernova T&D India, NTPC, Patanjali Foods, Agarwal Industrial Corporation, A B Infrabuild, and Ola Electric Mobility will also be in focus on November 27.
Stocks like Godrej Consumer Products, Indian Energy Exchange, United Breweries, JSW Energy, PNB Housing Finance, Mahanagar Gas, Chalet Hotels, CIE Automotive India, Petronet LNG, and Nippon Life India Asset Management will also be in focus on October 25.
GTPL Hathway, Sonata Software, JM Financial, Indian Railway Finance Corporation, Zee Entertainment Enterprises, Star Health and Allied Insurance Company, and Craftsman Automation will be in focus on October 8.
Patanjali Foods shares surged to a new high on August 21 after Systematix initiated coverage with a 'Buy' rating, highlighting robust growth potential despite recent revenue declines.
According to experts, the Nifty 50 needs to break its consolidation by decisively climbing above 24,400, which could open the doors for 24,700, while 24,100-24,000 is expected to be a key support zone. Here are some trading ideas for the near term.
Total income, however, dropped to Rs 7,202.35 crore in the April-June quarter of this fiscal from Rs 7,810.50 crore in the corresponding period of the previous year.
While Patanjali Foods will turn into a more complete FMCG company post-acquisition, the transaction structure involving a royalty and slower market growth implies the gains will not be instant
Separately, a licensing arrangement for a 3 percent turnover based fee along with other conditions has been agreed between the companies.
The Nifty 50 is expected to consolidate with a hurdle at 24,200 on the higher side and support at 23,800. Here are some trading ideas for the near term.
BHEL, Metropolis Healthcare, Aether Industries, Eris Lifesciences, GPT Healthcare, Greenply Industries, GSFC, IRCON International, JK Tyre, Laxmi Organic Industries, and PI Industries will release March quarter earnings on May 21.