Patanjali Foods Surges 8% as Board Considers First-Ever Bonus Share Issue
Patanjali Foods Ltd. shares have rallied 8% in two trading sessions, reaching Rs 1,813.60 on BSE. The company's board will meet on July 17 to consider issuing bonus shares for the first time since its inception. The meeting will determine the bonus issue ratio and discuss related matters, subject to shareholder approval. This announcement has sparked investor optimism, reflected in the stock's upward movement.

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Shares of Patanjali Foods Ltd. have witnessed a significant rally, surging 8% over the past two trading sessions. The stock reached Rs 1,813.60 on the Bombay Stock Exchange (BSE), driven by the company's announcement of a potential bonus share issuance.
Bonus Share Consideration
In a move that has caught investors' attention, Patanjali Foods' board is set to convene on July 17 to deliberate on issuing bonus shares. This marks a historic moment for the company, as it would be the first bonus share issuance since its inception.
Board Meeting Details
The upcoming board meeting will focus on:
- Considering the proposal for issuing bonus shares
- Determining the ratio for the potential bonus issue
- Discussing other necessary matters related to the bonus share issuance
It's important to note that the final decision on the bonus share issuance will be subject to shareholder approval, as per standard corporate governance practices.
Market Response
The market has responded positively to this announcement:
Metric | Value |
---|---|
Share price | Rs 1,813.60 |
Two-day rally | 8.00% |
This upward movement in the stock price reflects investor optimism surrounding the potential bonus issue.
Implications for Investors
If approved, the bonus share issuance could have several implications for Patanjali Foods' shareholders:
- Increased number of shares: Shareholders will receive additional shares without any extra cost.
- Improved liquidity: The increased number of shares in circulation may enhance the stock's liquidity in the market.
- Possible price adjustment: The stock price might adjust proportionately to reflect the increased number of shares post-issuance.
Investors and market watchers will be keenly awaiting the outcome of the July 17 board meeting, which could potentially mark a significant milestone in Patanjali Foods' corporate history.
Historical Stock Returns for Patanjali Foods
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+6.60% | +11.98% | +10.69% | +0.13% | +19.27% | +105.39% |