Tata Consumer Products Sees Surge in Open Interest Amid Active Derivatives Trading
Tata Consumer Products Ltd has seen a significant rise in open interest, reaching 57,327 contracts, alongside a trading volume of 44,352 contracts. The stock has outperformed its sector and is trading above key moving averages, although delivery volume has declined compared to recent averages.
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 57,327 contracts, reflecting a notable rise of 8,370 contracts or 17.1% from the previous open interest of 48,957. This surge coincides with a trading volume of 44,352 contracts, indicating active participation in the derivatives market.In terms of price performance, Tata Consumer Products has outperformed its sector by 0.43%, reaching an intraday high of Rs 1,133.9, which marks a 2.37% increase for the day. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.
Despite this positive price movement, there has been a decline in delivery volume, which fell by 36.76% compared to the 5-day average, with a total delivery volume of 4.93 lakh shares recorded on June 24. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 3.32 crore based on 2% of the 5-day average traded value.
In summary, the notable increase in open interest for Tata Consumer Products highlights a shift in market dynamics, while the stock's performance metrics indicate a strong position within the FMCG industry.
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