Patanjali Foods Ltd Sees 21.35% Surge in Open Interest to 56,180 Contracts

Patanjali Foods Ltd, a mid-cap 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, up from the previous 46,294 contracts, marking a notable change of 9,886 contracts or 21.35%. The trading volume for the day reached 31,456 contracts, contributing to a futures value of approximately Rs 132.54 lakhs.
In terms of price performance, Patanjali Foods has shown resilience, gaining 2.24% over the last three days. Currently, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price trajectory. However, it is worth noting that delivery volume has decreased significantly, with a reported 2.33 lakh deliveries on October 28, reflecting a decline of 39.97% compared to the 5-day average.

Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for Patanjali Foods, while the decline in delivery volume suggests a shift in investor participation.