Patanjali Issues Statement After Stock Slides 17%, Shares Hit Six Year Low

Patanjali Foods Ltd shares fell 17.1% to Rs 337.85 per share, hitting a six-year low.

Trading volume was six times the average, with futures data indicating fresh short positions.

In an exchange filing, Patanjali Foods said there are no undisclosed material events behind the stock fall.

The company stated it continues operations in the ordinary course and has complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The clarification was issued in response to an exchange query on the significant share price movement.