Dabur India Sees Significant Open Interest Surge Amidst Market Dynamics Shift

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 33,913 contracts, reflecting a rise of 3,857 contracts or 12.83% from the previous open interest of 30,056. This uptick comes alongside a trading volume of 18,058 contracts, indicating active participation in the derivatives market.
In terms of price performance, Dabur India has underperformed its sector by 1.37%, with the stock recording a decline of 2.94% over the last two days. Today, it reached an intraday low of Rs 474.3, down 2.51%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

Despite these challenges, there has been a rise in delivery volume, which reached 15.71 lakh shares on June 11, marking an increase of 4.68% compared to the 5-day average. With a market capitalization of Rs 84,046.31 crore, Dabur India remains a significant entity in the FMCG landscape. Overall, the increase in open interest highlights a shift in market dynamics, warranting attention from market participants.