Dabur India Sees Surge in Open Interest Amid Increased Trading Activity
Dabur India Ltd. has seen a significant rise in open interest, reaching 31,569 contracts, alongside a trading volume of 70,071 contracts, indicating strong market activity. The stock has outperformed its sector and is trading above multiple moving averages, reflecting a robust upward trend and increased investor participation.
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 31,569 contracts, marking a notable rise of 5,199 contracts or 19.72% from the previous open interest of 26,370. This surge coincides with a trading volume of 70,071 contracts, indicating robust market engagement.In terms of price performance, Dabur India has outperformed its sector by 2.2%, with the stock gaining 5.69% over the past three days. Today, it reached an intraday high of Rs 547.75, reflecting a 4.6% 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 on September 1 has surged by 184.97% compared to the 5-day average, highlighting increased 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. Overall, the notable rise in open interest and positive price movements underscore the stock's active market presence today.
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