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 21,891 contracts, up from the previous figure of 19,541, marking a change of 2,350 contracts or a 12.03% increase. The trading volume for the day reached 12,297 contracts, contributing to a futures value of approximately Rs 47,183.45 lakhs.
In terms of price performance, Patanjali Foods is currently trading just 1.82% below its 52-week high of Rs 2,011, indicating strong market positioning. The stock's performance today aligns closely with sector trends, showing a 1D return of 0.62%, while the sector itself recorded a 1D return of 0.72%. Notably, Patanjali Foods is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend.

Additionally, the stock has seen a notable 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 71,459 crore, Patanjali Foods continues to demonstrate liquidity, suitable for trades around Rs 4.22 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and solid trading metrics highlight the stock's active engagement in the market.