Nestle India Sees 13.35% Surge in Open Interest, Reaching 83,726 Contracts

Nestle India 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 83,726 contracts, marking a notable rise of 9,860 contracts or 13.35% from the previous open interest of 73,866. This surge coincides with a trading volume of 57,013 contracts, indicating robust market engagement.
In terms of price performance, Nestle India is currently trading just 2.64% below its 52-week high of Rs 1,311.6, showcasing its strong market position. The stock has outperformed its sector by 1.9% today, while also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price trajectory.

However, it is worth noting that the delivery volume has decreased by 11.68% compared to the 5-day average, with a total delivery volume of 10.4 lakh shares recorded on October 23. Despite this decline in investor participation, the stock remains liquid, with a trade size of Rs 7.13 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Nestle India Ltd highlights a dynamic trading environment, while its current price performance and liquidity metrics reflect its strong standing in the market.