Godrej Consumer Products Sees Surge in Open Interest Amid Active Trading Environment
Godrej Consumer Products Ltd has seen a notable rise in open interest, indicating increased trading activity. The stock's trading volume reached 12,698 contracts, with a market capitalization of Rs 1,20,408.04 crore. Despite recent underperformance in its sector, it remains a key player in the FMCG market.
Godrej Consumer Products Ltd (GODREJCP) has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 31,621 contracts, up from the previous figure of 26,983, marking a change of 4,638 contracts or a 17.19% increase. The trading volume for the day reached 12,698 contracts, contributing to a total futures value of approximately Rs 52,127.25 lakhs.In terms of price performance, Godrej Consumer Products has underperformed its sector by 0.32%, although it has managed to gain after three consecutive days of decline. The stock is currently trading above its 100-day moving averages but below its 5-day, 20-day, 50-day, and 200-day moving averages, indicating mixed short-term trends. Additionally, the delivery volume has seen a slight uptick, with 12.53 lakh shares delivered on June 23, reflecting a 1.78% increase compared to the 5-day average.
With a market capitalization of Rs 1,20,408.04 crore, Godrej Consumer Products remains a significant player in the FMCG sector. The notable rise in open interest today underscores the stock's active trading environment, although it continues to navigate a challenging market landscape.
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