Dabur India Ltd. Sees 10.89% Rise in Open Interest to 38,732 Contracts

Dabur India Ltd., a prominent player in the FMCG sector, has experienced a notable increase in open interest today, signaling heightened trading activity. The latest open interest stands at 38,732 contracts, reflecting a rise of 3,804 contracts or 10.89% from the previous open interest of 34,928. This surge coincides with a trading volume of 33,805 contracts, indicating robust market engagement.
In terms of price performance, Dabur India has outperformed its sector by 0.8%, although it has seen a slight decline of 0.75% in its stock price today. The stock reached an intraday low of Rs 498.4, marking a decrease of 2.54%. Despite this dip, the stock remains above its 5-day, 20-day, and 200-day moving averages, although it is trading below its 50-day and 100-day moving averages.

Additionally, the delivery volume on October 23 has surged by 175.48% compared to the 5-day average, suggesting increased investor participation. With a market capitalization of Rs 89,296 crore, Dabur India continues to maintain a liquid trading environment, supporting transactions of up to Rs 1.97 crore based on recent trading metrics. Overall, the increase in open interest and trading volume highlights a significant shift in market dynamics for Dabur India.