Marico Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Marico Ltd., a key player in the edible oil sector, saw a notable rise in open interest and trading volume today, reaching 27,422 contracts. The stock achieved a new all-time high of Rs. 744.45, while maintaining a strong market position with a market capitalization of Rs. 94,361.71 crore.
Marico Ltd., a prominent player in the edible oil industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 27,422 contracts, up from the previous 24,678, marking a change of 2,744 contracts or an 11.12% increase. The trading volume for the day reached 49,277 contracts, contributing to a futures value of approximately Rs. 73,907.39 lakhs.In terms of price performance, Marico hit a new 52-week and all-time high of Rs. 744.45, representing a 4.36% increase during the trading session. The stock has outperformed its sector by 1.56% and has shown consistent gains over the past two days, with a total return of 2.01%. Notably, Marico opened with a gain of 3.03% today, indicating strong market momentum.
Despite this positive performance, there has been a slight decline in investor participation, with delivery volume decreasing by 3.23% compared to the five-day average. Overall, Marico continues to trade above its key moving averages, indicating a robust market position within the large-cap segment, with a market capitalization of Rs. 94,361.71 crore.
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