ITC Ltd. Sees Surge in Open Interest Amid Increased Trading Activity

ITC Ltd., a prominent player in the Cigarettes/Tobacco industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 123,845 contracts, marking a rise of 12,679 contracts or 11.41% from the previous open interest of 111,166. This surge coincides with a trading volume of 91,692 contracts, indicating robust market engagement.
In terms of price performance, ITC is currently trading close to its 52-week low, just 4.93% away from Rs 391.2. The stock has shown a consistent upward trend over the past four days, yielding a total return of 2.1% during this period. While the stock's moving averages indicate it is performing better than the 5-day and 20-day averages, it remains below the 50-day, 100-day, and 200-day moving averages.

Despite a slight decline in delivery volume, which fell by 6.14% against the 5-day average, ITC maintains a high dividend yield of 3.4% at its current price. With a market capitalization of Rs 5,15,554.38 crore, ITC continues to demonstrate its position as a liquid and significant entity in the market. The increase in open interest underscores the stock's active trading environment, reflecting ongoing market dynamics.