An FMCG stock supported by Baba Ramdev today soared to a fresh 52-week high in early morning transactions.

Patanjali Foods shares, which are backed by Baba Ramdev, have a market valuation of 50,000. The share price of Patanjali Foods has increased from about 21 to 1393 during the past five years, giving positional investors a return of almost 6,250 percent. But in just over three years, this FMCG stock has increased from roughly $3.54 per share on the BSE to $1393 per share, up by a whopping 39,250%. Therefore, the stock has continued to make money for its stockholders. The FMCG stock supported by Baba Ramdev is still in an “uptrend,” though.

The new 52-week high for the stock

The share price of Patanjali Foods today had a positive opening before rising to an intraday high of 1415 rupees per share on the BSE, setting a new 52-week high.

The share price of the Baba Ramdev-backed company has increased by more than 10% during the last four sessions, rising from about $1285 to $1415 per piece. The company seeks to satisfy all of India’s needs for edible oil and wants to rid the country of the need to import edible oil. In order to achieve this goal, the corporation planted palm trees on roughly 15 lakh acres of land, which will continue to provide palm oil for the nation for the next 40 years. Yog Guru Baba Ramdev has claimed on several Indian platforms that the corporation wants to increase its capacity for producing edible oil so that more and more edible oil may be given to the local market to fulfill the growing demand for edible oil.

preparing for the ex-dividend trade

One of the dividend-paying equities in 2022 is this Baba Ramdev-backed stock. The FMCG company has declared a dividend to its shareholders of 5 per equity share. The company’s board of directors set September 26, 2022, as the record date for dividend payments. This indicates that this multi-bagger FMCG stock will begin trading ex-dividend on September 23, since September 24 and September 25 are Saturday and Sunday, respectively, and the stock market is closed on those days.

Patanjali Food Ltd. informed stock market exchanges of the most recent development regarding dividend payment, “The Register of Members and Share Transfer Books of the Company will be closed from Tuesday, September 27, 2022, to Thursday, September 29, 2022 (both days inclusive), in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the purpose of paying the dividend for the financial year (FY) 2021–2022, if declared at the AGM. As a result, the Monday, September 26, 2022 date will be used to determine the members of the Company’s eligibility to receive the dividend.”