Patanjali Foods’ stock price falls over 4% after Supreme Court issues contempt notice.
Patanjali Foods, an FMCG company, saw a 4.13% drop in its shares, trading at ₹1,555 each this morning. This decline followed the Supreme Court’s issuance of a contempt notice to Patanjali Ayurved and its managing director, Acharya Balakrishna.
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The notice was served due to their failure to uphold their commitment of refraining from making “misleading claims” in advertisements for their medicines.