Even though there is a continuous decline in the stock market, there was an increase in the shares of Patanjali Foods for three consecutive trading days last week. The special thing is that there was an increase of about 2 percent in the shares of these three companies. Whereas Sensex and Nifty saw a decline of 0.70 percent. Where overall investors in the stock market suffered losses in 3 days. On the other hand, Patanjali made its investors an earning of more than Rs 1 thousand crore. If experts are to be believed, Patanjali shares may see a decline in the coming days. Let us also tell you how the shares of Patanjali Foods performed in the falling stock market.
In the last three trading days of last week, there was a rise in the shares of Patanjali Foods. If we look at the data, on January 20, the company's shares fell and closed at Rs 502. After that, on January 21, 22 and 23, there was a rise in the company's shares and the company's shares closed at Rs 511.80 with a rise of 1.95 percent. However, on Friday the company's shares had reached the day's high of Rs 515. Till the closing of the stock market, the shares of the company had closed with a slight rise.
There was an increase in the valuation of the company due to the rise in prices in three consecutive trading days. If we look at the figures, the market cap of the company had come to Rs 54,608.98 crore on January 20. In which an increase was seen on January 23 and by the time of closing of the stock market, the valuation of the company came to Rs 55,675.05 crore. This means that in three days there was an increase of Rs 1,066.07 crore in the valuation of the company.
The special thing is that during these trading days a big decline was seen in Sensex and Nifty. If we look at the data, on January 20, the Sensex was seen at 82,180.47 points. Which closed at 81,537.70 points on January 23. This means that during this period there was a decline of 0.78 percent in Sensex. If we talk about Nifty, the main index of Bombay Stock Exchange, then on January 20 the figure was at 25,232.50 points, which declined by 0.73 percent and closed at 25,048.65 points on January 23.
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