Marico Ltd. Sees 24% 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 34,751 contracts, marking a notable rise of 6,735 contracts or 24.04% from the previous open interest of 28,016. This surge coincides with a trading volume of 13,685 contracts, indicating robust market engagement.
In terms of price performance, Marico is currently trading close to its 52-week high, just 4.6% away from the peak of Rs 759. The stock has outperformed its sector by 1.92% today, continuing a positive trend with consecutive gains over the last two days, yielding a total return of 0.5% during this period. Furthermore, Marico is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

Despite this positive performance, there has been a decline in investor participation, with delivery volume dropping by 4.82% compared to the 5-day average. Nevertheless, the stock remains liquid, accommodating trades of up to Rs 1.83 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and solid trading metrics highlight Marico's active market presence today.