Marico Ltd. Sees 39.9% Surge in Open Interest, Reaching 39,193 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 39,193 contracts, a notable rise from the previous open interest of 28,016 contracts, marking a change of 11,177 contracts or 39.9%. This surge in open interest coincides with a trading volume of 21,952 contracts, indicating robust market engagement.
In terms of financial performance, Marico's stock has outperformed its sector by 1.31% today, despite a slight decline of 0.17% in its one-day return. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Additionally, the delivery volume on October 23 was recorded at 10.28 lakh shares, reflecting a decrease of 4.82% compared to the five-day average delivery volume.

With a market capitalization of Rs 93,918.62 crore, Marico remains a liquid stock, suitable for trades up to Rs 1.83 crore based on 2% of the five-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Marico Ltd.