Patanjali Foods Limited shares were trading higher at RS 589.85, gaining 8.20 points or 1.41% from the previous close of RS 581.65 on the BSE.

The stock opened at RS 580.95 and touched an intraday high of RS 591.00 and a low of RS 576.70. So far, 49,358 shares have been traded on the counter.

The BSE group ‘A’ stock, with a face value of RS 2, has recorded a 52-week high of RS 670.00 (16-Apr-2025) and a 52-week low of RS 522.81 (28-Feb-2025). In the past week, the scrip traded between RS 603.35 and RS 567.90. The company’s current market capitalization stands at RS 64,062.21 crore.

Promoters hold 68.83% stake in the company, while institutional investors and non-institutional investors hold 24.22% and 6.95%, respectively.

In a recent development, Patanjali Foods signed a non-binding Memorandum of Understanding (MOU) with the Ministry of Food Processing Industries, Government of India, for a proposed investment of up to RS 1,000 crore.

Patanjali Foods (formerly known as Ruchi Soya Industries) is primarily engaged in processing oilseeds, refining crude edible oil, producing oil meals, and manufacturing food and soya-based value-added products.