Dabur India Ltd. Sees Surge in Open Interest Amidst Declining Stock Performance
Dabur India Ltd. has seen a significant rise in open interest, reaching 26,473 contracts, alongside a trading volume of 18,979 contracts. Despite this increase, the stock is trading near its 52-week low and has underperformed its sector, reflecting ongoing challenges in the market.
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 26,473 contracts, reflecting a rise of 2,931 contracts or 12.45% from the previous open interest of 23,542. The trading volume for the day reached 18,979 contracts, contributing to a total futures value of approximately Rs 25,252.42 lakhs and an options value of Rs 9,431.47 lakhs, bringing the total to Rs 26,593.66 lakhs.In terms of price performance, Dabur India is currently trading close to its 52-week low, just 2.98% away from Rs 480. The stock has underperformed its sector by 1.17% today, continuing a downward trend with a 3-day decline of 3.53%. The intraday low was recorded at Rs 484.45, marking a decrease of 2.62%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.
Overall, the increase in open interest for Dabur India Ltd. highlights a significant shift in market activity, amidst a backdrop of declining stock performance and liquidity considerations.
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