Patanjali Foods shares plunge 20%

On July 15, 2026, shares of Patanjali Foods, formerly known as Ruchi Soya Industries, plunged up to 20% on the National Stock Exchange of India (NSE), hitting a fresh 52-week low of Rs 328.20, the lowest level since April 2020. The stock partially recovered to trade around Rs 345, still down about 16%. The company issued a clarification to stock exchanges stating there were no undisclosed material events or developments to explain the sharp decline. The stock has been in a prolonged downtrend, falling nearly 19% over the past month and about 37% year-to-date. Patanjali Foods is a leading Indian edible oil and FMCG company.