Crompton Greaves Sees Significant Open Interest Surge Amid Increased Trading 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 30,842 contracts, marking a rise of 5,874 contracts or 23.53% from the previous open interest of 24,968. This surge in open interest coincides with a trading volume of 18,057 contracts, indicating heightened activity in the derivatives market.
In terms of performance, Crompton has outperformed its sector by 3.54% today, with a 1.80% return on the day. The stock has shown consistent gains over the past four days, accumulating a total return of 4.21% during this period. Notably, the stock's price is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 10.54 lakh shares on June 24, reflecting a 42.24% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 22,811.71 crore, Crompton Greaves continues to maintain a liquid trading environment, suitable for transactions of Rs 0.94 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Crompton Greaves Consumer Electricals.