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

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 37,454 contracts, reflecting a rise of 4,153 contracts or 12.47% from the previous open interest of 33,301. This uptick comes alongside a trading volume of 18,467 contracts, indicating active market engagement.
In terms of price performance, Tata Consumer Products has underperformed its sector by 0.29%, with the stock recording a 1D return of -2.35%. Over the past two days, the stock has seen a consecutive decline, totaling a drop of 4.18%. The intraday low reached was Rs 1,090.6, marking a decrease of 3% from the previous close. The weighted average price suggests that more volume was traded closer to this low price point.

Despite the recent downturn, the stock remains above its 100-day and 200-day moving averages, although it is currently below its 5-day, 20-day, and 50-day moving averages. Additionally, liquidity remains adequate for trading, with a delivery volume of 3.88 lakh shares on June 27, which has decreased by 56.35% compared to the 5-day average. Overall, the increase in open interest highlights a significant shift in market dynamics for Tata Consumer Products.