Godrej Consumer Products Sees Surge in Open Interest Amid Increased Trading Activity
Godrej Consumer Products Ltd has seen a notable rise in open interest, indicating increased trading activity, with current contracts at 22,962. The stock has outperformed its sector, reversing a decline with a significant price gain. Enhanced delivery volume and strong market capitalization further underscore its robust position in the FMCG sector.
Godrej Consumer Products Ltd (GODREJCP) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 22,962 contracts, up from the previous 18,952 contracts, marking a change of 4,010 contracts or a 21.16% increase. The trading volume for the day reached 30,704 contracts, contributing to a futures value of approximately Rs 33,587.75 lakhs.In terms of price performance, Godrej Consumer has outperformed its sector by 2.49%, reversing a four-day decline with a gain of 3.00% today. The stock opened with a 2.07% increase and reached an intraday high of Rs 1,301.30, reflecting a rise of 5.68%. Notably, Godrej Consumer is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.
Additionally, the stock has seen a notable rise in delivery volume, which increased by 180.2% compared to the 5-day average, suggesting enhanced liquidity. With a market capitalization of Rs 1,29,748.10 crore, Godrej Consumer Products continues to maintain a strong position in the FMCG sector. Overall, the increase in open interest and positive price movements highlight a dynamic trading environment for the stock.
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