Hindustan Unilever Sees 17.38% Surge in Open Interest Amid Increased Futures Activity

Hindustan Unilever Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today. The latest open interest stands at 112,029 contracts, marking a rise of 16,591 contracts or 17.38% from the previous open interest of 95,438. This surge in open interest coincides with a trading volume of 106,197 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Hindustan Unilever's stock has underperformed its sector by 1.99%, with an intraday low of Rs 2,474.5, reflecting a decline of 4.89%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock is currently above its 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages.

Additionally, there has been a notable increase in delivery volume, which reached 11.85 lakh shares on October 23, up by 87.43% compared to the 5-day average. The liquidity of the stock remains robust, with a trade size of Rs 8.91 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest reflects a dynamic trading environment for Hindustan Unilever, amidst varied price movements.