Tata Consumer Products Sees Significant Surge in Open Interest Amid Market Dynamics

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 37,160 contracts, reflecting a rise of 3,859 contracts or 11.59% from the previous open interest of 33,301. The trading volume for the day reached 16,787, contributing to a futures value of approximately Rs 25,751.35 lakhs and an options value of Rs 77,608.20 lakhs, bringing the total to Rs 27,077.24 lakhs.
In terms of price performance, Tata Consumer Products has underperformed its sector by 0.25%, with the stock declining by 4.49% over the last two days. The stock touched an intraday low of Rs 1,090.60, marking a decrease of 3%. While the stock's weighted average price indicates that more volume was traded near this low price, it remains above the 100-day and 200-day moving averages, yet below the 5-day, 20-day, and 50-day moving averages.

Overall, the increase in open interest alongside the recent price movements highlights a significant shift in trading activity for Tata Consumer Products, reflecting the current dynamics within the FMCG sector.