Patanjali Foods shares drop 20% to 52-week low
pre-market1 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. Market cap declined to ₹37,132 cr, raising concerns among investors.
The significant price movement may impact trader sentiment, as the company reassured stakeholders of its ongoing business operations and growth objectives.
Not investment advice. For informational purposes only.