Maruti Suzuki Sees Significant Rise in Open Interest Amid Increased Derivatives Activity

Maruti Suzuki India Ltd, a prominent player in the automobile industry, has experienced a significant increase in open interest today. The latest open interest stands at 83,828 contracts, reflecting a rise of 8,729 contracts or 11.62% from the previous open interest of 75,099. This uptick in open interest comes alongside a trading volume of 40,455 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Maruti Suzuki has underperformed its sector by 0.7%, with a 1D return of -1.84%. The stock has been on a downward trend, recording a decline of 2.33% over the past three days. Notably, the stock's price is currently above its 50-day, 100-day, and 200-day moving averages, yet it remains below its 5-day and 20-day moving averages.

The company's market capitalization is approximately Rs 3,90,142.15 crore, categorizing it as a large-cap stock. Additionally, the liquidity remains robust, with a delivery volume of 2.51 lakh shares on June 27, reflecting a 1.86% increase against the 5-day average delivery volume. Overall, the notable rise in open interest highlights a shift in market dynamics for Maruti Suzuki, warranting attention from market participants.