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

Tata Consumer Products Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 57,519 contracts, marking a notable rise of 7,663 contracts or 15.37% from the previous open interest of 49,856 contracts. This surge coincides with a trading volume of 143,423 contracts, indicating robust market engagement.
In terms of price performance, Tata Consumer Products opened with a gain of 2.01%, reaching an intraday high of Rs 1,104.5, which represents a 3.94% increase. The stock has outperformed its sector by 0.25% today, reversing a trend of four consecutive days of decline. Despite this positive movement, the stock's weighted average price suggests that more volume was traded closer to its lower price points.

Additionally, 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. The liquidity remains adequate for trading, with a delivery volume of 6.78 lakh shares, which has seen a slight decline of 4.64% compared to the 5-day average. Overall, the increase in open interest and the stock's performance today highlight a notable shift in trading dynamics for Tata Consumer Products.