Crompton Greaves Consumer Electricals Sees 12.39% Surge in Open Interest to 51,898

Crompton Greaves Consumer Electricals Ltd (CROMPTON) has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 51,898 contracts, up from the previous figure of 46,177, marking a change of 5,721 contracts or a 12.39% increase. The trading volume for the day reached 13,930 contracts, contributing to a futures value of approximately Rs 46,250.33 lakhs.
In terms of price performance, Crompton is currently trading close to its 52-week low, just 4.1% away from Rs 278. The stock's performance today aligns with the sector, which has seen a slight decline, with Crompton reporting a 1D return of -0.34%, compared to the sector's -0.24% and the Sensex's -0.24%.

Despite a recent trend reversal after two consecutive days of gains, the stock remains above its 5-day moving average but below its longer-term moving averages. Additionally, delivery volume has increased by 8.89% against the 5-day average, indicating rising participation. With a market capitalization of Rs 18,670.31 crore, Crompton Greaves continues to maintain a liquid trading environment, suitable for transactions around Rs 1.51 crore. Overall, the increase in open interest highlights a significant shift in trading dynamics for Crompton Greaves Consumer Electricals.