On Tuesday, Patanjali Foods witnessed a surge of over 5%, reaching a fresh 52-week high in its share value.
Patanjali Foods shares were trading at INR 1,687, up 5.5 per cent at a new 52-week high, as per Trendlyne data.
Over the past year, the stock has yielded a return of 43%. Within the last month, it has experienced a 5.3% increase, and in the last quarter, there has been a notable uptick of 34%.
FPIs Increase Stakes in Patanjali Foods:
According to a November report from Kotak Institutional Equities, FPIs significantly raised their stakes in Coforge, IDFC First Bank, and Patanjali Foods during the September quarter.
According to the report, mutual funds witnessed the most substantial increase in stake in Coforge, Sula Vineyards, and Restaurant Brands Asia. Meanwhile, banks and financial institutions showed the highest rise in stake in Restaurant Brands Asia, Union Bank, and Amara Raja.
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