Patanjali Foods Sees Significant Surge in Open Interest Amid Mixed Market Performance

Patanjali Foods Ltd, a prominent player in the edible oil industry, has experienced a notable increase in open interest today. The latest open interest stands at 31,974 contracts, reflecting a rise of 3,633 contracts or 12.82% from the previous open interest of 28,341. This surge in open interest comes alongside a trading volume of 9,247 contracts, indicating active participation in the futures market.
In terms of market performance, Patanjali Foods has underperformed its sector by 0.48%, with a 1D return of -0.83%. The stock has been on a downward trend, recording a consecutive fall over the last two days, resulting in a total decline of 1.08% during this period. While the stock is currently trading above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum.

Additionally, the stock's liquidity remains adequate, with a delivery volume of 5.05 lakh shares on June 27, which has decreased by 23.23% compared to the 5-day average. The market capitalization of Patanjali Foods is approximately Rs 59,237.16 crore, positioning it firmly within the large-cap segment. Overall, the increase in open interest highlights a significant shift in market dynamics for Patanjali Foods, reflecting evolving trading patterns.