Patanjali Foods Ltd Q1 FY27 results,upcoming a ₹5 dividend

Patanjali Foods emerged as the top gainer in the Nifty 500, rising about 4.5–5.2% intraday and touching an intraday high near ₹360–361, well above its previous close around ₹338–339. The rally followed reports that the Delhi High Court quashed seven Income Tax Appellate Tribunal (ITAT) orders in a batch of cross‑appeals involving Patanjali Ayurved Ltd, citing “shocking” procedural lapses and opaqueness, and ordering fresh hearings. While the case relates to the group’s unlisted entity, investors interpreted it as a positive development for the broader Patanjali ecosystem. Derivatives data showed a 12% rise in open interest and heavy call‑option activity around the ₹350 strike, reflecting heightened bullish positioning.