Tata Consumer Products Sees 12.38% Surge in Open Interest to 48,065 Contracts

Tata Consumer Products Ltd has experienced a notable increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 48,065 contracts, up from the previous figure of 42,770, marking a change of 5,295 contracts or a 12.38% increase. The trading volume for the day reached 41,530 contracts, indicating robust participation in the market.
In terms of price performance, Tata Consumer Products hit a new 52-week high of Rs. 1,191.2 today. However, the stock has faced some challenges recently, experiencing a decline of 0.77% over the past two days. Despite this, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend.

Investor participation has seen a decline, with delivery volume dropping significantly to 75.47 thousand on October 21, down by 92.54% compared to the 5-day average. The stock's liquidity remains adequate, with a trade size of Rs 3.61 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Tata Consumer Products, amidst a backdrop of fluctuating stock performance.