Jubilant Foodworks Sees 10.28% Surge in Open Interest to 25,118 Contracts

Jubilant Foodworks Ltd, a key player in the Leisure Services industry, has experienced a notable increase in open interest today. The latest open interest stands at 25,118 contracts, reflecting a rise of 2,342 contracts or 10.28% from the previous open interest of 22,776. This uptick comes alongside a trading volume of 8,847 contracts, indicating active market engagement.
In terms of financial metrics, Jubilant Foodworks has a market capitalization of Rs 41,188 crore, categorizing it as a mid-cap stock. However, the stock has underperformed its sector, showing a decline of 1.44% today compared to a sector return of -0.67%. Over the last two days, the stock has faced consecutive losses, totaling a drop of 2.14%.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also decreased significantly, falling by 40.07% against the 5-day average.

In summary, the increase in open interest for Jubilant Foodworks highlights a shift in market dynamics, despite the stock's recent underperformance and declining investor participation.