Marico Ltd. Sees 31.73% Surge in Open Interest, Reaching 36,906 Contracts

Marico Ltd., a prominent player in the edible oil industry, has experienced a significant increase in open interest today, indicating heightened trading activity. The latest open interest stands at 36,906 contracts, a notable rise from the previous open interest of 28,016 contracts, reflecting a change of 8,890 contracts or 31.73%. The trading volume for the day reached 17,915 contracts, contributing to a futures value of approximately Rs 107,591.17 lakhs.
In terms of price performance, Marico is currently trading just 4.62% below its 52-week high of Rs 759. The stock has shown resilience, outperforming its sector by 1.63% today and achieving a modest gain of 0.48% over the past two days. Additionally, Marico is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is worth noting a decline in investor participation, with delivery volume on October 23 falling by 4.82% compared to the 5-day average. Despite this, the stock remains liquid, with a trade size capacity of Rs 1.83 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and solid price performance underscores Marico's current market position.