India's Patanjali Foods biggest Nifty Midcap 100 loser

Patanjali Foods

30/04/2024 05:42

** Shares of Patanjali Foods  PAFO.NS  falls 3% to 1,516.2
rupees; down as much as 4.3% in early trade 
    ** PAFO is top pct loser on Nifty Midcap 100 index
 .NIFMDCP100 , which is up 0.5%
    ** An Indian state regulator suspended manufacturing of 14
products made by pharma cos under the Patanjali umbrella, a
government order showed on Monday
    ** The suspended products are not made by PAFO
    ** Patanjali Ayurved Ltd, co-founded by yoga guru Baba
Ramdev, owns a 32.37% stake in PAFO as of March 31, as per
exchange data
    ** YTD, stock down 3.7% after four straight yearly gains

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))