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Patanjalifoods

High Risk and High PE Stock Patanjali Foods looking Positive. Patanjali Foods is one of the leading FMCG (Fast Moving Consumer Goods) player in India for producer and marketer of range of healthy edible oils and pioneer of Soya food products . The company owns 22 manufacturing plants that gives a strength of manufacturing and packaging 11000 tones material per day. It also one of the largest palm plantation company in India. Patanjali Foods CMP is 1144.50. Negative aspects of the company are high valuation (P.E. = 46.7) and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt, improving cash from operations, FIIs are increasing stake and zero promoter pledge. Entry after closing above 1152. Targets in the stock will be 1231 and 1297. Long term target in the stock will be 1370. Stop loss in the stock should be maintained at closing below 1000.
NSE:PATANJALILong
by Happy_Candles_Investment