Jubilant Foodworks Sees 10.64% Surge in Open Interest to 23,710 Contracts

Jubilant Foodworks Ltd, a prominent player in the Leisure Services industry, has experienced a notable increase in open interest today. The latest open interest stands at 23,710 contracts, reflecting a rise of 2,281 contracts or 10.64% from the previous open interest of 21,429 contracts. This surge in open interest comes alongside a trading volume of 11,562 contracts, indicating active market participation.
In terms of financial metrics, the total futures value is reported at Rs 24,278.99 lakhs, while the options value is significantly higher at Rs 6,859.54 lakhs, bringing the total value to Rs 25,589.63 lakhs. The underlying value of the stock is noted at Rs 621.

Despite this increase in open interest, Jubilant Foodworks has seen a slight decline in its stock price, with a 1D return of -1.10%, mirroring the sector's performance. The stock has fallen after four consecutive days of gains and currently trades above its 5-day moving averages but below its longer-term moving averages. Additionally, delivery volume has decreased significantly, falling by 79.09% compared to the 5-day average, indicating a potential decline in investor participation. Overall, the increase in open interest highlights a shift in market dynamics for Jubilant Foodworks, warranting close observation.