Patanjali Foods Sees 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 52,054 contracts, marking a notable rise of 12,200 contracts or 30.61% from the previous open interest of 39,854. This surge coincides with a trading volume of 93,185 contracts, indicating robust market engagement.
In terms of price performance, Patanjali Foods has outperformed its sector by 3.99%, with the stock gaining 10.66% over the past six days. Today, it reached an intraday high of Rs 1,813.1, reflecting a 3.93% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the delivery volume has seen a remarkable increase of 141.38% compared to the 5-day average, with 8.45 lakh shares delivered on July 15. With a market capitalization of Rs 65,472.27 crore, Patanjali Foods demonstrates sufficient liquidity for trades sized at Rs 2.82 crore, further emphasizing its solid position in the market. Overall, the notable rise in open interest and positive price movements highlight the stock's current momentum in the market.