Patanjali Foods share price rises 5% today. What is driving the rally in the FMCG stock?
New Delhi, Sept. 16 -- Patanjali Foods share price rose as much as 5% on NSE in Wednesday's trading session amid higher trading volumes. The FMCG stock opened at Rs.339.05 apiece today, as compared to previous close of Rs.338.55 on Tuesday and hit an intraday high of Rs.360.50.
According to data available on NSE, around 176.08 lakh shares changed hands during the intraday session on 16 September. The market capitalisation of Patanjali Foods stood at Rs.39,482.02 crore, as of 1:45 pm.
Patanjali Foods share price has gained 3.90% in the past one week, indicating a recent recovery in the stock, however, over the last one month, the stock has risen 0.65%.
However, the stock's performance remains weak over the longer term. Patanjali Foods s...
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