Patanjali Foods stock tanks 5% after Q3 net profit tumbles
Fri, Feb 9, 2024 2:01 PM

Patanjali Foods stock tanks 5% after Q3 net profit tumbles

A Flip by Avya Verma
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Patanjali Foods Limited, owned by yoga guru Ramdev, saw a 5% decrease in stock prices after reporting a 19.6% drop in net profit for the December quarter. Revenue also declined by 0.2%, with the FMCG segment showing some growth. The stock has gained 15% in the last three years and experts advise seeking certified advice before making investment decisions.

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