Tata Consumer Products Sees Surge in Open Interest Amid Increased Trading Activity

Tata Consumer Products Ltd has experienced a significant increase in open interest today, reflecting heightened trading activity in the stock. The latest open interest stands at 40,717 contracts, up from the previous open interest of 35,494 contracts, marking a change of 5,223 contracts or a 14.72% increase. The trading volume for the day reached 34,876 contracts, indicating robust participation in the market.
In terms of price performance, Tata Consumer Products has underperformed its sector by 0.52%, with the stock falling after four consecutive days of gains. It touched an intraday low of Rs 1,074.3, representing a decline of 2.73%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 5-day, 20-day, and 200-day moving averages, it is currently below its 50-day and 100-day moving averages.

The broader FMCG sector, in which Tata Consumer operates, has also seen a decline of 2.07%. Notably, the stock's liquidity remains healthy, with a delivery volume of 7.3 lakh shares on September 3, reflecting an 11.16% increase compared to the 5-day average delivery volume. Overall, the increase in open interest alongside the recent price movements highlights a dynamic trading environment for Tata Consumer Products.