Dabur India Sees Significant Open Interest Surge Amid Increased Trading Activity
Dabur India Ltd. has seen a significant rise in open interest, reaching 31,033 contracts, alongside a trading volume of 40,916 contracts. The stock has outperformed its sector and demonstrated strong price performance, with increased delivery volume and a market capitalization of Rs 95,194 crore, indicating robust market engagement.
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 31,033 contracts, marking a notable rise of 4,663 contracts or 17.68% from the previous open interest of 26,370. This surge coincides with a trading volume of 40,916 contracts, indicating robust market engagement.In terms of price performance, Dabur India has outperformed its sector by 2.21%, with the stock gaining 5.45% over the last three days. Today, it reached an intraday high of Rs 542.95, representing a 3.69% 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.
Additionally, the delivery volume has seen a remarkable increase of 184.97% compared to the 5-day average, indicating rising investor participation. With a market capitalization of Rs 95,194 crore, Dabur India continues to demonstrate liquidity suitable for trades of Rs 3.08 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and positive price movements underscore the stock's active market presence today.
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