Marico Ltd. Sees 10.16% Surge in Open Interest, Reaching 30,531 Contracts

Marico Ltd., a prominent player in the edible oil industry, has experienced a notable increase in open interest today. The latest open interest stands at 30,531 contracts, reflecting a rise of 2,817 contracts or 10.16% from the previous open interest of 27,714. This surge in open interest comes alongside a trading volume of 9,153 contracts, indicating active market participation.
In terms of financial metrics, Marico's futures value is reported at approximately Rs 53,525.13 lakhs, while the options value is significantly higher at around Rs 2,647.80 lakhs, bringing the total value to Rs 53,739.24 lakhs. The underlying value of the stock is noted at Rs 718.

Despite this increase in open interest, Marico's stock has underperformed its sector by 0.84% today, with a 1D return of -1.07%. The stock has also shown a trend reversal after two consecutive days of gains. While it remains above the 20-day, 100-day, and 200-day moving averages, it is currently below the 5-day and 50-day moving averages. Additionally, the delivery volume of 846,000 shares on October 24 has increased by 11.92% compared to the 5-day average, indicating a rise in trading activity.

Overall, the increase in open interest for Marico Ltd. highlights a significant shift in market dynamics, reflecting heightened trading activity amidst a mixed performance in the stock's price.