Patanjali Foods shares rally after OFS overhang ceases. What should traders do?

Patanjali Foods shares rally after OFS overhang ceases. What should traders do?

“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