Crompton Greaves Consumer Electricals Sees 12.1% Surge in Open Interest Activity
Crompton Greaves Consumer Electricals Ltd has seen a notable rise in open interest, indicating increased trading activity, with 45,818 contracts recorded today. The stock reached a new 52-week low, experiencing a downward trend, yet remains liquid with significant delivery volume, reflecting changing market dynamics.
Crompton Greaves Consumer Electricals Ltd (CROMPTON) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 45,818 contracts, up from the previous 40,871, marking a change of 4,947 contracts or a 12.1% increase. The trading volume for the day reached 17,341 contracts, indicating robust participation in the market.In terms of price performance, Crompton hit a new 52-week low of Rs 290.35, down 2.97% from the previous close. The stock has been on a downward trend, losing 7.15% over the past six days, and today’s performance saw it underperforming the sector by 2.48%. The weighted average price suggests that more volume was traded closer to this low price, indicating a potential shift in trading dynamics.
Despite the recent challenges, the stock remains liquid, with a delivery volume of 34.03 lakh shares on September 25, reflecting a 156.23% increase compared to the five-day average. Overall, the notable rise in open interest for Crompton Greaves Consumer Electricals highlights a shift in market engagement amid ongoing price fluctuations.
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