Patanjali Foods shares drop 20% to 52-week low
after close1 source ↓written by the desknot a recommendation
- Patanjali Foods fell
- 19.5%
- of ₹328.05
- 52-week low
- worth ₹195 cr
- 1.5% equity
- traded
- 54.24 lakh shares
Shares of Patanjali Foods fell 19.5% to a 52-week low of ₹328.05 amid reports of a block deal. Approximately 1.5% equity worth ₹195 cr changed hands, with 54.24 lakh shares traded at an average price of ₹355. The company's market cap now stands at ₹37,132 cr. 📉
The significant price movement raises concerns among traders, although the company reassured that it remains focused on growth and ongoing operations. Immediate market implications may include heightened volatility in the stock.
Not investment advice. For informational purposes only.