Crompton Greaves Sees Surge in Open Interest Amid Market Dynamics Shift

Apr 23 2025 03:01 PM IST
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Crompton Greaves Consumer Electricals Ltd has seen a notable rise in open interest, reaching 29,738 contracts, alongside a trading volume of 19,280 contracts. Despite recent price declines and reduced investor participation, the stock remains liquid, indicating evolving market dynamics in the consumer durables sector.
Crompton Greaves Consumer Electricals Ltd (CROMPTON) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 29,738 contracts, up from the previous figure of 26,474, marking a change of 3,264 contracts or a 12.33% increase. The trading volume for the day reached 19,280 contracts, contributing to a total futures value of approximately Rs 60,457.15 lakhs.

In terms of price performance, Crompton Greaves has underperformed its sector by 1.96%, with the stock falling after two consecutive days of gains. It touched an intraday low of Rs 339.15, representing a decline of 3.96%. The weighted average price indicates that more volume was traded closer to this low price. While the stock is currently above its 5-day and 50-day moving averages, it remains below the 20-day, 100-day, and 200-day moving averages.

Additionally, there has been a decline in investor participation, with delivery volume dropping by 18.19% compared to the 5-day average. Despite these fluctuations, the stock maintains sufficient liquidity for trades sized at Rs 2.27 crore. Overall, the increase in open interest highlights a shift in market dynamics for Crompton Greaves Consumer Electricals, reflecting ongoing developments in the consumer durables sector.
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