Shares of Patanjali Foods crashed 20% to hit a fresh 52-week low on Wednesday, with the stock nearly halving in value from the high hit in July last year.
The stock fell to a 52-week low of Rs 328.20 on the NSE, prompting the company to issue a clarification. Patanjali Foods said there were no material events, information or developments requiring disclosure that could explain the sharp price movement.
