Dabur India Sees Surge in Open Interest Amidst Market Challenges

Dabur India Ltd., a prominent player in the FMCG sector, has experienced a significant increase in open interest today. The latest open interest stands at 34,719 contracts, reflecting a rise of 4,663 contracts or 15.51% from the previous open interest of 30,056. This uptick in open interest comes alongside a trading volume of 22,188 contracts, indicating active participation in the market.
In terms of price performance, Dabur India has underperformed its sector by 1.31%, with the stock recording a decline of 2.77% on the day. Over the past two days, the stock has faced consecutive losses, totaling a drop of 3.42%. The intraday low reached was Rs 471.45, marking a decrease of 3.09% from the previous close. Additionally, Dabur India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging short-term trend.

Despite these challenges, the stock has shown rising investor participation, with a delivery volume of 15.71 lakh shares on June 11, up by 4.68% compared to the 5-day average. With a market capitalization of Rs 83,895.55 crore, Dabur India remains a significant entity in the FMCG landscape. The notable increase in open interest highlights a shift in market dynamics, warranting attention from market observers.