Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.
Tech view: Nifty breaches 25,200 crucial resistance, forms long bull candle. How to trade on Friday
The Nifty formed a bullish engulfing candle as the bulls took charge towards the end of the day and lifted the indices to a new