Marico Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Marico Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current open interest at 33,643 contracts. The stock is trading near its 52-week high and remains above key moving averages, reflecting a generally positive long-term trend despite recent price fluctuations.
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 33,643 contracts, marking a rise of 3,875 contracts or 13.02% from the previous open interest of 29,768. The trading volume for the day reached 24,321 contracts, contributing to a total futures value of approximately Rs 77,962.66 lakhs.In terms of price performance, Marico is currently trading close to its 52-week high, just 3.54% away from the peak of Rs 759. However, the stock has underperformed its sector by 0.4% today, with a 1D return of -0.84%. Over the past two days, Marico has seen a consecutive decline, with a total drop of 2.5%. The stock touched an intraday low of Rs 724.65, reflecting a decrease of 2.03%.
Despite these fluctuations, Marico is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. The stock's liquidity remains robust, with a delivery volume of 18.82 lakh shares on August 21, which is 90.57% higher than the 5-day average delivery volume. Overall, the notable increase in open interest suggests a dynamic trading environment for Marico Ltd.
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