Just was analysing the company right when u commented…
Here are some info that might have triggered the company share, am not an expert… we would need clarity from forum board members
Patanjali had acquisition Ruchi Soya for 4111 crores
Ruchi soya was mainly into debt :
No change in sales record :
PAT increased suddenly to 7617 crores…
Indian Promoter shareholding increased from 15% to 98.87
Some historical technicals
Shares are over brought
Ramdev baba plans to sell 20-30% stake after 2-3 years…
These might be all the reasons for now which I know off… Need a clear clarity on business, expansion and some more insight into financials…
There are no plans for Patanjali for public ipo listing as Ramdev baba did mention in the video… people in open markets are buying… Noticably this black swan appeared into the lime light for now…