Godrej Consumer Products Sees Surge in Open Interest Amid Strong Market Activity

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 32,460 contracts, up from the previous 25,420 contracts, marking a notable change of 7,040 contracts or 27.69%. The trading volume for the day reached 90,890 contracts, indicating robust market engagement.
In terms of price performance, Godrej Consumer has outperformed its sector by 4.1%, with the stock gaining 8.09% over the last two days. Today, it opened with a gain of 2.71% and reached an intraday high of Rs 1,271.90, reflecting a rise of 6.62%. 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 decline in delivery volume, which fell by 53.67% compared to the 5-day average, the liquidity remains adequate for trades up to Rs 1.59 crore. The FMCG sector overall has gained 2.12%, contributing to the positive momentum surrounding Godrej Consumer Products. Overall, the increase in open interest and strong price performance highlights the stock's current market position.