Patanjali Foods Shares Plunge 17% on Block Deal of Rs 195 Crore

ds Ltd shares tumbled nearly 17% on Wednesday after a significant block deal saw 1.5% equity change hands. According to CNBC-TV18, 54.24 lakh shares, valued at Rs 195 crore, were traded at an average price of Rs 355 per share through block deals. The sharp decline triggered a sell-off amid concerns over large shareholder movement. Market participants are closely watching whether the transaction signals stake reduction by promoters or institutional investors. This development comes as the FMCG and edible oil major continues to navigate a competitive landscape. At the time of reporting, the stock was trading significantly lower, reflecting investor caution following the high-value deal. Analysts suggest monitoring further price action and volume for directional cues.