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 8,941 contracts, up from the previous 6,916, marking a notable change of 2,025 contracts or 29.28%. The trading volume for the day reached 6,408 contracts, indicating robust market engagement.
In terms of price performance, Patanjali Foods outperformed its sector with a 1.56% return, compared to the sector's 0.84% and the Sensex's decline of 0.38%. The stock touched an intraday high of Rs 1,819.9, representing a 2.03% increase. Currently, the stock is trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Additionally, the delivery volume has seen a rise, with 363,000 shares delivered on March 27, reflecting a 27.54% increase against the 5-day average. With a market capitalization of Rs 65,487 crore, Patanjali Foods continues to demonstrate liquidity, suitable for trades up to Rs 2.08 crore based on 2% of the 5-day average traded value. Overall, the surge in open interest and trading volume underscores the stock's active market presence today.