Overview
- On July 17, Patanjali Foods’ board sanctioned its first-ever bonus share allocation at two new shares for each one held.
- The company will announce a record date to determine which shareholders qualify for the bonus issue.
- Bonus shares are scheduled to be credited on or before September 16, 2025, pending final shareholder approval.
- The stock has risen for seven consecutive sessions, gaining more than 11% since the bonus proposal was disclosed.
- All four analysts covering the stock maintain buy ratings and see mid-teens upside over the next 12 months.