Surge in Open Interest Signals Increased Trading Activity for Godrej Consumer Products

Apr 22 2025 02:00 PM IST
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Godrej Consumer Products Ltd has seen a notable rise in open interest, reaching 41,766 contracts, alongside a trading volume of 31,819 contracts. The stock has demonstrated resilience, gaining 1.24% and trading above several moving averages, despite a decline in delivery volume compared to the previous average.
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 41,766 contracts, up from the previous figure of 36,372, marking a change of 5,394 contracts or a 14.83% increase. The trading volume for the day reached 31,819 contracts, contributing to a total futures value of approximately Rs 60,586.14 lakhs.

In terms of price performance, Godrej Consumer Products has shown resilience, gaining 1.24% today, which aligns closely with the sector's 1.38% return. The stock reached an intraday high of Rs 1,247.4, reflecting a 2.8% increase. Notably, the stock is currently trading above its 20-day, 50-day, and 100-day moving averages, although it remains below its 5-day and 200-day moving averages.

Despite a decline in delivery volume, which fell by 62.46% compared to the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 2.44 crore, indicating a stable market position. Overall, the increase in open interest and the stock's performance today highlight a notable shift in trading dynamics for Godrej Consumer Products.
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