Crompton Greaves Sees 17.51% Surge in Open Interest Amid Increased Trading Activity

Crompton Greaves Consumer Electricals Ltd, a small-cap player in the Electronics & Appliances sector, has experienced a significant increase in open interest today. The latest open interest stands at 54,264 contracts, reflecting a rise of 8,087 contracts or 17.51% from the previous open interest of 46,177. This surge coincides with a trading volume of 21,362 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Crompton's stock closed 4.79% away from its 52-week low of Rs 278, while it has outperformed its sector by 0.65% today. The stock has shown consistent gains over the past three days, accumulating a total return of 1.72% during this period. Notably, the stock's current price is above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages.

Additionally, the delivery volume on October 23 reached 18.72 lakh shares, marking an 8.89% increase compared to the 5-day average delivery volume, suggesting a rise in trading activity. With a market capitalization of Rs 18,834.51 crore, Crompton Greaves continues to maintain a liquid trading environment, suitable for transactions of Rs 1.51 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Crompton Greaves Consumer Electricals.