Marico Ltd. Sees Surge in Open Interest Amid Increased Trading Activity

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 25,953 contracts, up from the previous 22,335 contracts, marking a change of 3,618 contracts or a 16.2% increase. This surge in open interest coincides with a trading volume of 12,384 contracts, indicating robust market engagement.
In terms of price performance, Marico has outperformed its sector by 1.03%, with a 1D return of 0.68%. The stock has shown consistent gains over the past four days, accumulating a total return of 1.59% during this period. Notably, Marico's current price is above its 5-day, 100-day, and 200-day moving averages, although it remains below the 20-day and 50-day moving averages.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 18.75 lakh shares on June 20, reflecting a 62.27% increase compared to the 5-day average. With a market capitalization of Rs 90,460.15 crore, Marico continues to maintain a liquid trading environment, suitable for transactions of Rs 2.67 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and solid trading metrics highlight Marico's active market presence today.