Surge in Open Interest Signals Increased Trading Activity for Marico Ltd.
Marico Ltd. has seen a notable rise in open interest, reaching 27,491 contracts, alongside a trading volume of 40,841 contracts, indicating increased market activity. The stock achieved a new all-time high of Rs. 744.45, reflecting a strong upward trend despite a slight decline in delivery volume.
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 27,491 contracts, up from the previous 24,678, marking a change of 2,813 contracts or an 11.4% increase. The trading volume for the day reached 40,841 contracts, indicating robust market engagement.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 1.79% and has shown a consistent upward trend, gaining 2.11% over the last two days. Notably, Marico opened with a gain of 3.03% today, further solidifying its positive momentum.
Despite this strong performance, there has been a slight decline in investor participation, with delivery volume decreasing by 3.23% compared to the five-day average. Marico's liquidity remains favorable, supporting trade sizes of up to Rs. 3.49 crore. Overall, the notable rise in open interest and the stock's recent price achievements underscore a dynamic trading environment for Marico Ltd.
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