Crompton Greaves Consumer Electricals Sees 12.11% Surge in Open Interest to 52,413 Contracts

Crompton Greaves Consumer Electricals Ltd, a player in the Electronics & Appliances sector, has experienced a notable increase in open interest today. The latest open interest stands at 52,413 contracts, reflecting a rise of 5,662 contracts or 12.11% from the previous open interest of 46,751. This uptick in open interest comes alongside a trading volume of 19,818 contracts, indicating active participation in the market.
In terms of financial metrics, the stock's future value is reported at approximately Rs 51,274.71 lakhs, while the options value is significantly higher at around Rs 5,612.00 crore. The total value, combining both futures and options, amounts to Rs 52,420.68 lakhs, with an underlying value of Rs 292.

Despite this increase in open interest, Crompton Greaves has underperformed its sector by 0.5% today, with a 1-day return of -0.24%. The stock has also shown a trend reversal, falling after three consecutive days of gains. Additionally, delivery volume has decreased by 22.09% compared to the 5-day average, suggesting a decline in investor participation. Overall, the developments in open interest highlight a significant shift in market dynamics for Crompton Greaves Consumer Electricals.