Patanjali Foods stocks

Profit Booking! Medium, small and microcaps in line of investors’ ire

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Profit Booking! Medium, small and microcaps in line of investors’ ire

Broader markets catalysed the market fall on Tuesday with medium, small and microcap indices treading in deep red around 12:15 pm. The Nifty Midcap 100 index fell by over 7% or 3,700 points around this time to hit the day’s low of 49,623.10. This comes after a meteoric Monday rise after most exit polls gave … Read more

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

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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