Tata Consumer Products Sees Significant 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. The latest open interest stands at 41,369 contracts, reflecting a rise of 5,875 contracts or 16.55% from the previous open interest of 35,494. This surge in open interest comes alongside a trading volume of 39,293 contracts, indicating heightened activity in the stock.
In terms of price performance, Tata Consumer Products has underperformed its sector by 0.49%, with the stock recording a 1D return of -2.66%. The stock reached an intraday low of Rs 1,070.2, marking a decline of 3.1%. Notably, the weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 20-day and 200-day moving averages, it is currently below its 5-day, 50-day, and 100-day moving averages.

The broader tea and coffee sector has also seen a decline of 2.65%. Despite the recent downturn, the stock's liquidity remains robust, 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 notable rise in open interest for Tata Consumer Products highlights a shift in market dynamics, warranting attention from market participants.