Godrej Consumer Products Sees Surge in Open Interest Amid Increased Market Activity
Godrej Consumer Products Ltd has seen a notable rise in open interest, reaching 27,779 contracts, alongside a trading volume of 12,884 contracts. The stock has outperformed its sector and demonstrated strong upward momentum, with increased investor participation and a market capitalization of Rs 1,29,132.44 crore.
Godrej Consumer Products Ltd (GODREJCP) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 27,779 contracts, up from the previous 24,578, marking a change of 3,201 contracts or a 13.02% increase. The trading volume for the day reached 12,884 contracts, contributing to a total futures value of approximately Rs 55,680.46 lakhs.In terms of performance, Godrej Consumer has outperformed its sector by 0.25% today, continuing a positive trend with six consecutive days of gains, amounting to a total return of 6.42% over this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.
Additionally, the stock has shown rising investor participation, with a delivery volume of 9.54 lakh shares on August 22, reflecting a 17.31% increase compared to the 5-day average. With a market capitalization of Rs 1,29,132.44 crore, Godrej Consumer Products remains a notable player in the FMCG sector. Overall, the increase in open interest and positive trading metrics highlight the stock's active market presence.
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