Hindustan Unilever Sees Surge in Open Interest Amid Active Derivatives Trading

Hindustan Unilever Ltd, a prominent player in the FMCG sector, has experienced a notable increase in open interest today, signaling heightened activity in its derivatives market. The latest open interest stands at 73,389 contracts, reflecting a significant rise of 7,754 contracts, or 11.81%, from the previous open interest of 65,635 contracts. This uptick coincides with a trading volume of 59,962 contracts, indicating robust participation in the stock's futures market.
In terms of price performance, Hindustan Unilever reached an intraday high of Rs 2,723, marking a gain of 2.58% for the day. 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 in its price trajectory. Additionally, the delivery volume has seen a rise of 13% compared to the 5-day average, with 17.86 lakh shares delivered on August 28.

With a market capitalization of Rs 6,25,250 crore, Hindustan Unilever continues to maintain a solid position in the market, supported by its liquidity, which is adequate for trades sized at Rs 12.85 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and positive price movements reflect a dynamic trading environment for Hindustan Unilever.