Marico Ltd. Sees 13.94% Surge in Open Interest to 31,921 Contracts

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 31,921 contracts, marking a rise of 3,905 contracts or 13.94% from the previous open interest of 28,016. This surge coincides with a trading volume of 8,981 contracts, indicating robust market engagement.
In terms of performance, Marico has outperformed its sector by 1.49%, despite a slight decline in its one-day return of -0.21%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. Notably, the delivery volume on October 23 was recorded at 10.28 lakh shares, which represents a decrease of 4.82% compared to the five-day average delivery volume, suggesting a decline in investor participation.

With a market capitalization of Rs 93,192 crore, Marico continues to maintain a liquid trading environment, suitable for transactions up to Rs 1.83 crore based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a notable shift in trading dynamics for Marico Ltd.