Patanjali surges after bonus approval, ₹2,000 target eyed
Patanjali Foods jumped after the board approved a 2:1 bonus issue. Analyst Vijay Gupta flagged a bullish breakout with volume spike and Ichimoku confirmation. Stock may retest ₹1,950-₹2,000 zone if momentum holds. Fundamentals are improving amid FMCG recovery and stake sale buzz. Dips near ₹1,780-₹1,800 seen as re-entry points. Retail sentiment remains bullish.