New Delhi, Apr 16 (PTI) Shares of Patanjali Foods climbed nearly 7 per cent in intra-day trade on Tuesday after wrong shareholding data for the quarter ending March indicated that US-based investment firm GQG Partners hiked its stake in the company.

The stock jumped 5.41 per cent to settle at Rs 1,407.70 on the BSE. During the day, it climbed 6.63 per cent to Rs 1,424.10.

Also Read | RPF Recruitment 2024: Railway Recruitment Board Opens Applications for Sub-Inspector and Constable Positions at rpf.Indianrailways.gov.in.

At the NSE, it advanced 5 per cent to Rs 1,408.50. During the day, it zoomed 6.21 per cent to Rs 1,424.

A filing was uploaded earlier in the day, which showed that GQG Partners Emerging Markets Equity Fund A Series of GQG Partners Series LLC have upped its stake to 9.31 per cent as on quarter ended March 31.

Also Read | Lok Sabha Elections 2024: Phase 1 Polling To Begin on April 19, Check State-Wise List of Constituencies Going to Polls.

The company later revised the shareholding pattern at 4:14:57 pm and gave reasons of typographical mistake in number of shares held by GQG Partners Emerging Markets Equity Fund A Series.

The revised format showed that GQG Partners Emerging Markets Equity Fund has 1.02 per cent stake in the company.

Last year in July, GQG Partners bought a 5.96 per cent stake in edible oil firm Patanjali Foods, which is promoted by Baba Ramdev-led Patanjali Ayurved.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)