Dabur India Ltd. Sees 10.46% Rise in Open Interest Amid Declining Stock Performance

Dabur India Ltd., a prominent player in the FMCG sector, has experienced a notable increase in open interest today. The latest open interest stands at 43,666 contracts, reflecting a rise of 4,135 contracts or 10.46% from the previous open interest of 39,531. This uptick comes alongside a trading volume of 20,144 contracts, indicating active participation in the derivatives market.
Despite this surge in open interest, Dabur India has underperformed its sector, with a decline of 1.86% today. The stock has faced consecutive losses over the past three days, accumulating a total drop of 2.97%. The intraday low reached Rs 480.85, marking a decrease of 2.32% from the previous close. Furthermore, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Investor participation appears to be waning, with delivery volume on October 7 falling by 45.33% compared to the 5-day average. The liquidity remains adequate for trades sized at Rs 3.21 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest amidst declining stock performance highlights a complex market scenario for Dabur India.