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Patanjali Foods gains 10% from day's low after over 20% fall in 8 sessions

In past one month, the stock was down 20 per cent after the government decided to discontinue import of crude soybean oil under tariff rate quota (TRQ).

Patanjali Ayurved
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SI Reporter Mumbai
Shares of Patanjali Foods moved higher by nearly 5 per cent to Rs 948.90, recovering 10 per cent from its low of Rs 865 on the BSE in Monday’s intra-day trade. In past eight trading days, the stock of Baba Ramdev-backed FMCG company had slipped 21 per cent from a level of Rs 1,206.45 on January 24, 2023.

At 11:54 AM; Patanjali Foods traded 4 per cent higher at Rs 943.50, as compared to 0.66 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped 1.4 times today. A combined 363,000 equity shares