Hindustan Unilever Sees Surge in Open Interest Amid Increased Trading Activity
Hindustan Unilever Ltd has seen a notable rise in open interest, reaching 119,656 contracts, alongside a trading volume of 72,832 contracts, indicating increased market activity. The stock has outperformed its sector and is trading above several key moving averages, reflecting its strong market position.
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 119,656 contracts, marking a rise of 12,572 contracts or 11.74% from the previous open interest of 107,084. This surge coincides with a trading volume of 72,832 contracts, indicating robust market engagement.In terms of price performance, Hindustan Unilever has outperformed its sector by 0.95%, reversing a three-day trend of declines. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. Notably, the delivery volume has seen a decline of 23.34% compared to the five-day average, with a total delivery volume of 5.22 lakh shares recorded on July 25.
With a market capitalization of Rs 5,72,924.33 crore, Hindustan Unilever continues to maintain a strong position in the market. The increase in open interest, coupled with the stock's recent performance, underscores the dynamic nature of trading in this large-cap FMCG company.
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