2024-06-24 15:03:59
New Delhi: Shares of Supply Pure Meals and Natural Dietary supplements, an organization related to Sri Sri Ravishankar, noticed a soar of 20 % on Monday. This rise has come after the corporate introduced its entry into the sector of inexperienced vitality. The corporate’s shares closed at Rs 127.18 within the inventory market. Sri Sri Ravishankar is also referred to as Gurudev. He’s a widely known non secular guru and founding father of Artwork of Dwelling.
Sri Sri Ravishankar can also be the founding father of Supply Pure Meals and Natural Dietary supplements. The corporate has advised the inventory market that it’s exploring prospects within the area of inexperienced vitality. In line with the corporate, it would discover prospects in areas like photo voltaic vitality, inexperienced hydrogen, wind vitality, bioenergy and hydropower. The corporate sells its merchandise beneath the model title of Sri Sri Tatva.
Shares rocketed after the announcement
The corporate stated in a discover to BSE, “It desires to discover enterprise alternatives within the inexperienced and clear vitality sector to play a big position within the rising inexperienced vitality sector worldwide.” The corporate additional stated that this proposal is topic to the approval of the shareholders. On this regard, the corporate will maintain a board assembly on June 26.
There’s enthusiasm amongst traders after this announcement of the corporate. Consequently, on Monday the corporate’s shares jumped sharply and touched the higher circuit of 20%. The corporate’s shares closed at Rs 127.18 on BSE.
How has the return been?
Within the final one week, the corporate’s shares have elevated by 33.54%. Whereas within the final one month this determine is 49.71%. Within the final one yr, the corporate has given a return of 36.75%. Nevertheless, within the final three years this return has been -22.45%.
Supply Pure Meals & Natural Dietary supplements was based in 1998. The corporate manufactures a variety of meals merchandise together with Ayurveda, well being and dietary dietary supplements. The corporate entered the quick rising Ayurveda merchandise market in 2009.
Unfold over 1.3 acres, the corporate manufactures a variety of merchandise together with natural dietary supplements, private care objects, natural meals, and pure well being treatments. The model’s product line contains fashionable merchandise like Amla Sweet, Natural Virgin Coconut Oil, Chyavanaprash, Tulsi Tablets, and Kasari Cough Syrup.