Godrej Consumer Products Sees Surge in Open Interest Amid Increased Trading Activity

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 35,714 contracts, up from the previous 30,954, marking a change of 4,760 contracts or a 15.38% increase. The trading volume for the day reached 24,573 contracts, indicating robust market engagement.
In terms of price performance, Godrej Consumer has outperformed its sector by 0.95%, with the stock gaining 3.77% over the last two days. Today, it touched an intraday high of Rs 1,265.5, representing a 4.02% 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.

The FMCG sector overall has gained 2.18%, while Godrej Consumer's 1-day return stands at 3.24%, significantly outperforming the Sensex's modest 0.12% increase. With a market capitalization of Rs 1,28,498.14 crore, Godrej Consumer continues to demonstrate solid liquidity, making it a notable entity in the market landscape. The increase in open interest and trading volume underscores the stock's active engagement in the current market environment.