Author: Nishtha Mehrotra | EQMint
Patanjali Foods shares surged over 4% intraday, touching ₹412.80 on Tuesday against the previous close of ₹396.20. By 10:16 a.m. IST, the stock was trading at ₹408.50, up 3.10%, with trading activity significantly higher than its usual levels.
Around 79.29 lakh shares had changed hands on the NSE within the first hour, equivalent to about 1.52 times the stock’s average full-day volume.
The rally comes after CEO Sanjeev Asthana reaffirmed the company’s FY27 growth outlook in an interview reported by Moneycontrol. Patanjali Foods is targeting 18–20% growth in FMCG, 8–10% in foods and more than 4% growth in edible oils.
Management has also projected ₹700–800 crore in free cash flow for FY27. While urban demand remains strong and the festive season provides a potential demand boost, rural consumption and edible-oil supply constraints remain key factors to monitor.
The stock’s near-term trajectory will depend on whether strong trading activity translates into sustained performance and whether the company delivers on its FY27 growth and cash-flow targets.
Disclaimer: This article is for information purposes only and is not investment advice.
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