Crompton Greaves Sees Significant Open Interest Surge Amid Increased Derivatives Activity

Crompton Greaves Consumer Electricals Ltd, a prominent player in the Electronics & Appliances sector, has experienced a significant increase in open interest today. The latest open interest stands at 34,456 contracts, marking a rise of 5,337 contracts or 18.33% from the previous open interest of 29,119. This uptick in open interest coincides with a trading volume of 11,940 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Crompton Greaves has underperformed its sector by 0.56%, with a 1-day return of -0.24%. The stock has seen a trend reversal, falling after two consecutive days of gains. Notably, it remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average.

The stock's liquidity appears robust, with a delivery volume of 15.76 lakh shares on May 26, reflecting a 10.3% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 22,927.60 crore, Crompton Greaves continues to be a significant entity in its industry. Overall, the increase in open interest highlights a notable shift in market dynamics for the stock.