Patanjali Foods shares tank 15% to 52-week low on heavy bulk-deal volumes
Patanjali Foods slid ~15% for a third straight session, hitting a 52-week low of Rs 328.05 with 87 million shares worth Rs 3,055 crore changing hands. Market cap fell to Rs 37,893 crore, eroding Rs 7,143 crore in three days. The firm said it's business as usual with no undisclosed material events.
Patanjali Foods shares tanked ~15% for a third session, hitting a 52-week low amid heavy bulk-deal volumes. The FMCG firm said business is as usual with no undisclosed material events behind the fall.
Why this matters
The drop extends a three-session slide flagged earlier when Patanjali Foods denied undisclosed events and shares crashed toward Rs 328, driven by block and bulk deals despite a strong Q4.
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