Patanjali Foods Sees Surge in Open Interest, Indicating Increased Futures Market Activity

Patanjali Foods Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 20,976 contracts, up from the previous 18,792, marking a change of 2,184 contracts or an 11.62% increase. The trading volume for the day reached 11,590 contracts, contributing to a total futures value of approximately Rs 18,777.79 lakhs.
In terms of price performance, Patanjali Foods has outperformed its sector by 1.35%, reversing a four-day decline. The stock touched an intraday high of Rs 1,838.90, reflecting a gain of 4.49%. While the stock's weighted average price indicates that more volume was traded closer to its low price, it remains above the 200-day moving average but below the shorter-term moving averages of 5, 20, 50, and 100 days.

Despite a slight decline in delivery volume, which fell by 5.42% compared to the five-day average, the stock maintains sufficient liquidity for trading. Overall, the notable increase in open interest and the stock's recent performance highlight a dynamic trading environment for Patanjali Foods.