Baba Ramdev-backed stock jumps 39,000% in 3 years, hits ₹50,000 cr market cap
Live MintBaba Ramdev-backed Patanjali Foods shares have hit ₹50,000 market cap. In last 5 years, Patanjali Foods share price has ascended from around ₹21 to ₹1393 apiece levels, delivering around 6,250 per cent return to its positional investors. However, in around three years, this FMCG stock has risen from around ₹3.54 apiece levels to ₹1393 per share levels on BSE, ascending to the tune of 39,250 per cent in this small-time. Stock hits new 52-week high Patanjali Foods share price today opened upside and went on to hit intraday high of ₹1415 apiece on BSE, which is new 52-week high. In last four sessions, Baba Ramdev-backed company's share price has rallied from around ₹1285 to ₹1415 apiece levels, logging over 10 per cent appreciation in these four straight sessions.