Mumbai, October 3 (Udaipur Kiran News): Shares of Patanjali Foods gained over 1.4% on Thursday after the company announced the signing of a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries, Government of India.
The MoU is for a proposed investment of up to ₹1,000 crore, underscoring Patanjali Foods’ commitment to expanding its presence in India’s food processing sector.
At the BSE, the stock was trading at ₹589.85, up ₹8.20 or 1.41% from its previous close of ₹581.65. The scrip opened at ₹580.95 and touched a high of ₹591.00 and low of ₹576.70. A total of 49,358 shares were traded during the session.
The company’s market capitalization stands at ₹64,062.21 crore. Promoters hold 68.83%, while institutions and non-institutional investors own 24.22% and 6.95%, respectively.
Patanjali Foods (formerly Ruchi Soya Industries) is engaged in oilseed processing, crude oil refining for edible use, and production of oil meals, soya-based food products, and other value-added products across its downstream and upstream operations.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
