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

Apr 23 2025 02:00 PM IST
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Godrej Consumer Products Ltd has seen a notable rise in open interest, indicating increased trading activity, with current contracts at 44,319. The stock has outperformed its sector, gaining 3.73% over two days and reaching an intraday high of Rs 1,264.3, while remaining above key moving averages.
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 44,319 contracts, up from the previous 37,399 contracts, marking a change of 6,920 contracts or an 18.5% increase. The trading volume for the day reached 36,251 contracts, contributing to a futures value of approximately Rs 82,091.41 lakhs.

In terms of price performance, Godrej Consumer has outperformed its sector by 1.54%, with the stock gaining 3.73% over the last two days. Today, it reached an intraday high of Rs 1,264.3, reflecting a 2.67% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite a slight decline in delivery volume, which fell by 3.83% against the 5-day average, the stock remains liquid enough for trades of Rs 2.43 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and positive price movement underscores the stock's current market dynamics.
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