Tata Consumer Products Sees 10.01% Surge in Open Interest to 46,041 Contracts

Tata Consumer Products Ltd, a prominent player in the FMCG sector, has experienced a notable increase in open interest today. The latest open interest stands at 46,041 contracts, reflecting a rise of 4,190 contracts or 10.01% from the previous open interest of 41,851. This surge in open interest comes alongside a trading volume of 15,709 contracts, indicating active participation in the derivatives market.
In terms of price performance, Tata Consumer Products has seen a decline of 1.01% today, which is slightly better than the sector's average decline of 1.15% and the Sensex's drop of 0.49%. The stock has been on a downward trend, losing 1.58% over the past two days. Despite this, it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

The liquidity of the stock appears robust, with a delivery volume of 604,000 shares on September 25, which has decreased by 3.42% compared to the 5-day average. The market capitalization of Tata Consumer Products is approximately Rs 1,12,184 crore, categorizing it as a large-cap stock. Overall, the increase in open interest highlights a significant shift in market dynamics for Tata Consumer Products, warranting attention from market participants.