Patanjali Foods Ltd Sees 13.43% Surge in Open Interest to 52,513

Patanjali Foods Ltd, a mid-cap player in the edible oil industry, has experienced a significant increase in open interest today. The latest open interest stands at 52,513 contracts, reflecting a rise of 6,219 contracts or 13.43% from the previous open interest of 46,294. This uptick in open interest comes alongside a trading volume of 16,979 contracts, indicating active market participation.
In terms of price performance, Patanjali Foods has outperformed its sector by 0.53%, with a one-day return of 0.09%. The stock is currently trading at an underlying value of Rs 590. Notably, the stock's moving averages show it is above the 5-day, 20-day, and 100-day averages, while it remains below the 50-day and 200-day averages.

However, there has been a decline in investor participation, with delivery volume dropping to 2.88 lakh on October 27, a decrease of 48.79% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trades sized at Rs 0.83 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Patanjali Foods.