Hindustan Unilever Sees Significant Open Interest Surge Amidst Price Declines

Hindustan Unilever Ltd, a prominent player in the FMCG sector, has experienced a notable increase in open interest today. The latest open interest stands at 112,746 contracts, reflecting a significant rise of 12,125 contracts or 12.05% from the previous open interest of 100,621. The trading volume for the day reached 67,721, indicating robust activity in the derivatives market.
In terms of price performance, Hindustan Unilever has underperformed its sector by 0.44%, with the stock recording a decline of 2.72% over the last two days. The stock touched an intraday low of Rs 2,328.1, marking a decrease of 2.03% during the trading session. Despite this, the stock remains above its 100-day moving averages, although it is trading below the 5-day, 20-day, 50-day, and 200-day moving averages.

The liquidity of Hindustan Unilever is noteworthy, with a delivery volume of 16.38 lakh shares on June 11, which has increased by 17.78% compared to the 5-day average delivery volume. The market capitalization of the company is approximately Rs 5,47,407.77 crore, solidifying its position as a large-cap entity in the market. Overall, the increase in open interest amidst recent price declines highlights a dynamic trading environment for Hindustan Unilever.