Hindustan Unilever Sees Surge in Open Interest Amid Increased Trading Activity

Hindustan Unilever Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 108,120 contracts, marking a rise of 12,865 contracts or 13.51% from the previous open interest of 95,255. This surge coincides with a trading volume of 73,815 contracts, indicating robust market engagement.
In terms of price performance, Hindustan Unilever has shown resilience, gaining 0.08% today, which contrasts with a slight decline in the sector, which saw a 0.11% drop. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend reversal after two consecutive days of decline.

Despite a notable decrease in delivery volume, which fell by 45.31% against the 5-day average, the stock remains liquid enough for trades sized at Rs 11.97 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 6,18,388.92 crore, Hindustan Unilever continues to hold a strong position in the market. Overall, the increase in open interest highlights a notable shift in trading dynamics for the stock.