Tata Consumer Products Sees 19.03% 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 48,035 contracts, reflecting a rise of 7,680 contracts or 19.03% from the previous open interest of 40,355. This surge coincides with a trading volume of 35,493 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Tata Consumer Products is currently trading close to its 52-week high, just 1.42% away from Rs 1,191.2. The stock has shown resilience today, gaining 1.58%, which is in line with the sector's performance of 1.50%. Notably, the stock reached an intraday high of Rs 1,180, marking a 2.14% increase.

Despite this positive movement, there has been a decline in investor participation, with delivery volume dropping by 17.41% compared to the five-day average. However, the stock remains liquid enough for trades sized at Rs 3.03 crore, based on 2% of the five-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Tata Consumer Products, reflecting ongoing developments in the stock's trading landscape.