Tata Consumer Products Sees Surge in Open Interest Amid Active Trading Environment

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 40,967 contracts, up from the previous figure of 35,494, marking a change of 5,473 contracts or a 15.42% increase. The trading volume for the day reached 36,862 contracts, indicating robust participation in the market.
In terms of price performance, Tata Consumer Products has shown a decline after four consecutive days of gains. The stock touched an intraday low of Rs 1,074.3, representing a decrease of 2.73%. The weighted average price suggests that more volume was traded closer to this low price point. Notably, the stock's moving averages indicate it is currently above the 5-day, 20-day, and 200-day averages, but below the 50-day and 100-day averages.

In the broader context, the FMCG sector, particularly the tea and coffee segment, has also seen a decline of 2.04%. Despite the day's challenges, Tata Consumer Products maintains a market capitalization of Rs 1,08,443 crore, solidifying its position as a large-cap player in the industry. Overall, the increase in open interest alongside the stock's price movements highlights a dynamic trading environment for Tata Consumer Products.