Patanjali Foods Eyes Shareholder Rewards With Bonus Shares, Board Meeting Slated For July 17; Pick Stake Now?

Given that a board meeting is planned for today to discuss the issuing of 1st ever bonus shares in the company's history, market observers will be paying close attention to Patanjali Foods shares on Thursday, July 17. With a market valuation of Rs 67,511.36 Cr, Patanjali Foods closed 6.84% higher on the BSE at Rs 1862.35 a share during the previous trading session on Wednesday.

Patanjali Foods Bonus Shares

"Pursuant to Regulation 29(1)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we may inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, July 17, 2025, inter alia to consider a proposal for issue of Bonus Shares subject to approval of the shareholders of the Company," said Patanjali Foods in a stock exchange filing.

Patanjali Foods Share Price Target 1

"PATANJALI is currently trading around ₹1,805 and has been consolidating within a wide trading range at higher levels. Recently, the stock took strong support near the lower boundary of this range and witnessed a sharp bounce, indicating renewed buying interest from lower levels. Over the past two trading sessions, the stock has gained over 8%, backed by consistent trading volumes, suggesting strength in the ongoing move," said Hardik Matalia - Derivative Analyst at Choice Broking.

"The Relative Strength Index (RSI) stands at 72.95 and is trending strongly upwards, reflecting strong bullish momentum. Additionally, PATANJALI has successfully reclaimed and moved above all its key moving averages, reinforcing the positive price action and improving technical structure. Short-term traders can consider buying at current levels or on any intraday dips for immediate gains, as the momentum remains intact," the analyst added.

"On the downside, support is placed near the lower band of the range, while upside targets could emerge if the stock manages to test or break above the upper end of the consolidation zone. Long-term investors who are already holding the stock can continue to do so as long as it trades above the key support level of ₹1,550. Buying on dips remains a favorable strategy in the broader bullish context, especially with strong technical confirmation backing the recent up move," Hardik Matalia further recommended.

Patanjali Foods Target Price 2

"Patanjali Foods is attempting to recover after consolidating in the ₹1,750-₹1,800 range. A breakout above ₹1,830 would indicate a bullish reversal and may take the stock toward ₹1,880-₹1,920. Support is placed around ₹1,770. The stock is currently at a critical juncture, and a move above ₹1,830 with volume confirmation would attract fresh buying. Traders may look to accumulate above ₹1,830 or on dips near ₹1,780 with a stop-loss at ₹1,750," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.