Patanjali Foods Ltd Sees 21.35% Surge in Open Interest Amid Increased Trading Activity

Patanjali Foods Ltd, a prominent player in the edible oil industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 56,180 contracts, marking a notable rise of 9,886 contracts or 21.35% from the previous open interest of 46,294. This surge in open interest coincides with a trading volume of 31,456 contracts, indicating robust market engagement.
In terms of performance, Patanjali Foods has outperformed its sector by 0.83%, with a 1D return of 0.27%. The stock has shown consistent gains over the past four days, accumulating a total return of 4.48% during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The stock's liquidity remains favorable, with a delivery volume of 10.38 lakh shares on October 29, reflecting a 150.03% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 66,113 crore, Patanjali Foods continues to maintain a solid position in the mid-cap segment of the market. Overall, the notable increase in open interest and positive performance metrics underscore the stock's active trading environment.