Surge in Open Interest Signals Increased Market Activity for Marico Ltd.

Marico Ltd., a prominent player in the edible oil industry, has experienced a significant increase in open interest today. The latest open interest stands at 35,936 contracts, reflecting a notable rise of 6,461 contracts or 21.92% from the previous open interest of 29,475. This surge in open interest comes alongside a trading volume of 23,234 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Marico is currently trading close to its 52-week high, just 4.73% away from the peak of Rs 759. However, it has underperformed its sector by 1.22% today, with a modest one-day return of 0.35%. The stock has maintained a position above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below the 5-day moving average.

Additionally, the stock has shown rising investor participation, with a delivery volume of 138,800 shares on August 25, marking a 20.3% increase compared to the five-day average. With a market capitalization of Rs 94,084.39 crore, Marico continues to be a liquid option for traders, supporting a trade size of Rs 3.06 crore based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Marico Ltd.