Why is Patanjali Foods falling/rising?
As of 17-Sep, Patanjali Foods Ltd is priced at 601.60, showing a slight increase and a total return of 1.47% over the last three days. The stock has strong growth metrics and outperformed its sector today, although it slightly lags behind the Sensex in short-term performance.
As of 17-Sep, Patanjali Foods Ltd is currently priced at 601.60, reflecting a slight increase of 0.45 (0.07%). The stock has been on an upward trend, gaining for the last three days with a total return of 1.47% during this period. It has outperformed its sector by 0.4% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has demonstrated a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.95 times, and has shown healthy long-term growth with net sales increasing at an annual rate of 22.41% and operating profit at 34.88%. In the broader market context, Patanjali Foods' short-term performance over the past week shows a return of 1.15%, which is slightly below the benchmark Sensex's return of 1.56%. However, over the past month, the stock has outperformed the Sensex, returning 3.10% compared to the benchmark's 2.60%. This indicates that while the stock is experiencing positive momentum, it is not keeping pace with the broader market in the very short term. The rising investor participation, with a significant increase in delivery volume, further supports the stock's upward movement, suggesting a positive sentiment among investors.
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