The stock market crashed due to several factors, including weak earnings from Indian banks, MSCI rejig, DIIs facing resistance at higher levels, FIIs shifting investments from India to China, rising US bond yields, and market uncertainty from US tariffs.
The Nifty 50 Index opened lower at 22,433 and hit an intraday low of 22,220.5, tanking over 1.4 percent during Friday’s morning session.
Price Action
The shares of Patanjali Foods Ltd, with a total market capitalization of Rs 58,120.08 Crores, reached an intraday low at Rs 1,570 per share, dropping 13.4 percent on Friday’s trading session. As of 1;00 pm, the shares slightly retreated and were trading at Rs 1,640 per share which was 9.6 percent lower than the previous closing price of Rs 1812.6.
In the short term, the shares of Patanjali Foods Ltd gave negative returns, with -13 percent returns in the past month and -17.43 percent returns in the past six months.
However in the long term, the shares gave impressive returns of 106 percent in the past three years and a return of 2,517 percent in the past five years.
What Caused the Crash of over 13 percent today?
The shares of Patanjali Foods Ltd is among the new entrants into the F&O space from the start of the March series after 16 stocks were excluded from the F&O space on Thursday, at the end of the February series.
When a stock enters the Futures and Options (F&O) segment, it becomes available for trading in derivative contracts. This can result in higher trading volumes and increased volatility, as traders speculate on potential price movements to profit.
Other New F&O Entrants that crashed today
Shares of the PSU renewable energy financier, IREDA are down 8 percent on its first day as an F&O stock, along with Tata Group’s Tata Technologies Ltd which is down by 7 percent, Titagarh Rail down by 6 percent and IIFL finance down by 4 percent. These stocks along with Patanjali Foods LTd were new entrants into the F&O space from the start of the March series.
Also read: Microcap stock jumps 9% after receiving order worth over ₹12 Cr from Gujarat Energy Transmission
Recent Updates on Patanjali Foods Limited
Patanjali Foods Limited clarified on February 19, 2025 that the Rs 186 crore demand raised by the Income Tax Department was quashed by the NCLT and later dismissed by the Bombay High Court. The Supreme Court also dismissed the department’s appeal, making the demand invalid with no financial impact on the company.
Financials
The company’s Q3FY25 revenue from operations reached Rs 9,103.13 Cr, up 15.07 percent from Rs 7,910.70 Cr in Q3FY24. Operating profit (EBITDA) for the quarter was Rs 581.24 Cr, reflecting a 49 percent increase from Rs 390.63 Cr in Q3FY24. The company’s quarterly profit after tax (PAT) surged by 71.3 percent, standing at Rs 370.93 Cr compared to Rs 216.54 Cr in the same period last year.
The company achieved export sales of Rs 67.27 Cr in Q3FY25. The company had its export footprint in 29 countries during the quarter.
About Patanjali Foods Ltd
Patanjali Foods Ltd is a leading Indian FMCG company specializing in edible oils and food products. Its business segments include edible oils, food & FMCG, and nutraceuticals, with a strong presence in both domestic and international markets. The company offers a wide range of products under brands like Nutrela, Mahakosh, and Patanjali.
Written By Adhvaitha Nayani
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