Patanjali Foods Sees Surge in Open Interest Amid Increased Market 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 9,126 contracts, marking a notable rise of 2,210 contracts or 31.95% from the previous open interest of 6,916. The trading volume for the day reached 7,440 contracts, indicating robust participation in the market.
In terms of price performance, Patanjali Foods outperformed its sector with a 1.51% return, while the sector itself recorded a 0.78% gain. The stock reached an intraday high of Rs 1,819.9, reflecting a 2.03% increase. Notably, the stock's performance is 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 shown a significant uptick, with 363,000 shares delivered on March 27, representing a 27.54% increase compared to the 5-day average. With a market capitalization of Rs 65,487 crore, Patanjali Foods continues to demonstrate liquidity, suitable for trades around Rs 2.08 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Patanjali Foods.