Patanjali Foods Sees Surge in Open Interest Amid Increased Trading Activity

Patanjali Foods Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 23,455 contracts, marking a notable rise of 3,914 contracts or 20.03% from the previous open interest of 19,541. The trading volume for the day reached 22,227 contracts, contributing to a total futures value of approximately Rs 74,661.93 lakhs.
In terms of price performance, Patanjali Foods is currently trading close to its 52-week high, just 2.55% away from Rs 2,011. However, the stock has underperformed its sector by 1.25% today, with a slight decline of 0.63% over the past two days. Despite this recent downturn, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term.

Additionally, the stock has seen a rise in delivery volume, with 10.04 lakh shares delivered on April 22, reflecting a 33.91% increase compared to the 5-day average. With a market capitalization of Rs 70,968.69 crore, Patanjali Foods continues to maintain a liquid trading environment, suitable for transactions around Rs 4.22 crore. Overall, the increase in open interest highlights a notable shift in trading dynamics for Patanjali Foods.