Patanjali Foods gains 10% from day's low after over 20% fall in 8 sessions

In past one month, the stock was down 20 per cent after the government decided to discontinue import of crude soybean oil under tariff rate quota (TRQ).

Shares of Patanjali Foods moved higher by nearly 5 per cent to Rs 948.90, recovering 10 per cent from its low of Rs 865 on the BSE in Monday’s intra-day trade. In past eight trading days, the stock of Baba Ramdev-backed FMCG company had slipped 21 per cent from a level of Rs 1,206.45 on January 24, 2023.

At 11:54 AM; Patanjali Foods traded 4 per cent higher at Rs 943.50, as compared to 0.66 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped 1.4 times today. A combined 363,000 equity shares