Marico Ltd. Sees Surge in Open Interest Amid Increased Trading Activity
Marico Ltd., a key player in the FMCG sector, has seen a notable rise in open interest, reaching 31,700 contracts amid increased trading activity. The stock has outperformed its sector, achieving an intraday high and demonstrating strong market engagement, with a significant increase in delivery volume.
Marico Ltd., a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 31,700 contracts, up from the previous 26,828, marking a change of 4,872 contracts or an 18.16% increase. This surge coincides with a trading volume of 25,474 contracts, indicating robust market engagement.In terms of price performance, Marico's stock has outperformed its sector by 2.55%, reaching an intraday high of Rs 642.9, which represents a 2.9% increase for the day. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, the delivery volume has also seen a rise, with 8.59 lakh shares traded on March 25, reflecting a 21.97% increase compared to the 5-day average.
With a market capitalization of Rs 82,873 crore, Marico continues to demonstrate liquidity suitable for trades around Rs 1.61 crore, further solidifying its position in the market. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment today.
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