Dabur India Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Dabur India Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current figures at 23,238 contracts. The stock has outperformed its sector and is trading above key moving averages, although delivery volume has declined compared to recent averages.
Dabur India Ltd., a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 23,238 contracts, up from the previous 20,087, marking a change of 3,151 contracts or a 15.69% increase. The trading volume for the day reached 37,652 contracts, indicating robust market engagement.In terms of price performance, Dabur India has outperformed its sector by 1.08%, with the stock gaining 4.09% over the last three days. Today, it reached an intraday high of Rs 547.7, reflecting a 3.53% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.
Despite this positive momentum, there has been a noted decline in delivery volume, which fell by 18.56% compared to the 5-day average, with a delivery volume of 13.84 lakh shares recorded on July 31. Overall, Dabur India Ltd. continues to demonstrate solid performance metrics within the FMCG industry, underscoring its market position.
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