India's Patanjali Foods snaps 5-day losing run as GQG hikes stake

Patanjali Foods

16/04/2024 12:06

** Shares of Patanjali Foods  PAFO.NS  close 5% higher,
snapping a five-day losing run
    ** Two GQG Partners funds hike their collective stake to
11.48% as of end-March from 3.3% as of end-Dec, per BSE data
    ** Stock was the top gainer in Nifty mid-cap 100 index
 .NIFMDCP100 , which closed 0.09% lower
    ** Over 2 mln shares traded in stocks' most active day in
three months
    ** Stock lost 3.4% in five previous sessions amid court case
    ** PAFO has slid 10.6% YTD vs mid-cap index's 6.6% rise

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com ; +91 9769003463;))