Patanjali Foods Ltd Sees 6,271 Active Call Options at Rs 1,800 Strike Price

Patanjali Foods Ltd has emerged as one of the most active stocks in the edible oil sector today, reflecting significant trading activity and investor engagement. The stock, which has a market capitalization of Rs 64,598.63 crore, has shown a notable performance, outperforming its sector by 2.01%.
Today, Patanjali Foods saw a substantial number of call options traded, with 6,271 contracts exchanged at a strike price of Rs 1,800, resulting in a turnover of Rs 728.63 lakh. The underlying value of the stock is currently at Rs 1,777.50, with an open interest of 2,072 contracts, indicating a robust interest in the stock's future performance.

The stock has been on a positive trajectory, gaining for six consecutive days and delivering an impressive 8.62% return over this period. It reached an intraday high of Rs 1,783, marking a 2.21% increase for the day. Additionally, the stock's performance metrics show it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also risen, with a delivery volume of 8.45 lakh shares on July 15, reflecting a 141.38% increase compared to the 5-day average. The liquidity of the stock remains strong, accommodating trades of up to Rs 2.82 crore based on 2% of the 5-day average traded value.

In summary, Patanjali Foods Ltd is experiencing heightened activity and positive performance trends, underscoring its position in the market.