“There is still a comfort zone in terms of value in comparison to peers. We have a target price of Rs 1,670 till Diwali,” said Vaibhav Kaushik, Research Analyst at GCL Broking.Following a 7% stake sale, the promoter stake has been reduced from 80.82% in Patanjali to 73.82%. Accordingly, the company has now become compliant … Read more
Acharya Balkrishna is chairman and CEO of the consumer goods company Patanjali Ayurved. He is the right-hand man to yoga guru Baba Ramdev. He derives his fortune from consumer goods giant Patanjali Ayurved. The billionaire owns the bulk of the privately held Patanjali. Acharya Balkrishna’s life and education Born on August 4, 1972, in Haridwar … Read more
Baba Ramdev-led FMCG company Patanjali Foods today reported a 31.6% YoY drop in its standalone Q2 net profit at Rs 112.28 crore amid pressure on margins in the edible oil business. Its September quarter revenue, however, jumped 42% YoY to Rs 8,514 crore. The company, which was earlier known as , blamed the pressure on … Read more
Yoga guru Baba Ramdev on Friday announced that Patanjali Group will launch at least four IPOs in the next five years. “We will launch at least four IPOs for sure – Patanjali Ayurved, Patanjali Medicine, Patanjali Wellness and Patanjali Lifestyle – in the next five years,” Baba Ramdev announced at a press conference on Friday. … Read more
Singer-turned politician Babul Supriyo‘s life has been one roller coaster ride – from a city banker who rose to be a BJP Minister at the centre after a chance meeting with Baba Ramdev, he suddenly found himself out in the cold after losing an assembly election from Tollygunge last year by a huge margin of … Read more
Yoga guru Ramdev on Sunday withdrew his recent statements on allopathic medicine which triggered strong protests from the medical fraternity. Responding to a letter from Union Health Minister Harsh Vardhan, Ramdev said he wants to put the matter to rest. “Hon’ble Minister, I have received your letter. I withdraw my statement, putting to rest the … Read more
Baba Ramdev had launched Coronil in the presence of Union Ministers Dr Harsh Vardhan and Nigit Gadkari. (Photo source: ANI) Patanjali Ayurved’s Coronil claim: Days after Patanjali Ayurved’s Coronil drug received certification from the Government of India’s Ayush Ministry, the Indian Medical Association (IMA) has raised objection over promoting it as the first evidence-based medicine for … Read more