Patanjali Foods Denies Undisclosed Events as Shares Slide 17% for Third Session
Patanjali Foods told stock exchanges there are no undisclosed material events behind its share price slide, which fell up to 17.1% to Rs 337.85 amid heavy volume at 6x the average and fresh short positions building over three consecutive sessions.
Patanjali Foods clarified to stock exchanges there are no undisclosed material events behind its share price slide, which fell up to 17.1% to Rs 337.85 for a third consecutive session amid heavy volume and fresh short positions.
Why this matters
Extends a three-session rout that saw Patanjali Foods crash 20% to a 52-week low of Rs 328, following an earlier 20% drop tied to a Rs 195 crore block deal despite strong Q4 results.
Retail-company signals are accelerating at +798900% QoQ.