Patanjali Foods Sees Surge in Open Interest Amid Increased Market Activity

Patanjali Foods Ltd, a prominent player in the Edible Oil industry, has experienced a significant increase in open interest today. The latest open interest stands at 40,573 contracts, reflecting a rise of 3,979 contracts or 10.87% from the previous open interest of 36,594. This uptick in open interest coincides with a trading volume of 27,312 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, Patanjali Foods has shown a 1.31% return today, outperforming the sector's return of 0.89% and the Sensex's return of 0.80%. Despite this positive movement, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a cautious market sentiment.

Additionally, the stock's delivery volume has seen a notable increase, with 655,000 shares delivered on June 24, marking a 10.84% rise compared to the 5-day average delivery volume. With a market capitalization of Rs 59,237.16 crore, Patanjali Foods remains a liquid option for trading, with sufficient liquidity for a trade size of Rs 2.87 crore. Overall, the increase in open interest highlights a shift in market dynamics for Patanjali Foods, reflecting evolving investor engagement.