Godrej Consumer Products Sees 13.34% Surge in Open Interest, Reaching 40,679 Contracts

Godrej Consumer Products Ltd (GODREJCP), 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 40,679 contracts, marking a rise of 4,787 contracts or 13.34% from the previous open interest of 35,892. This surge coincides with a trading volume of 23,524 contracts, indicating robust market engagement.
In terms of performance, Godrej Consumer Products has outperformed its sector by 1.48% today, with a one-day return of 1.53%. The stock is currently trading above its 200-day moving average, although it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Notably, investor participation has seen a decline, with delivery volume dropping by 20.74% compared to the 5-day average, totaling 813,000 shares on September 26.

The liquidity of the stock remains favorable, with a trade size of Rs 3.87 crore based on 2% of the 5-day average traded value. Godrej Consumer Products, with a market capitalization of Rs 1,20,896.70 crore, continues to be a significant entity in the FMCG landscape. The increase in open interest today highlights the dynamic trading environment surrounding the stock.