Tata Consumer Products Sees 22.11% Surge in Open Interest Amid 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 51,106 contracts, marking a notable rise of 9,255 contracts or 22.11% from the previous open interest of 41,851. This surge in open interest comes alongside a trading volume of 26,987 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Tata Consumer Products has seen a decline of 1.08% today, which aligns closely with the sector's performance, as the FMCG sector recorded a 1.07% drop. The stock has been on a downward trend, experiencing consecutive falls over the past two days, resulting in a total decline of 1.56% during this period.

Despite the recent price drop, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. Additionally, the liquidity of the stock appears robust, with a delivery volume of 6.04 lakh shares on September 25, despite a slight decrease of 3.42% compared to the 5-day average delivery volume.

In summary, the notable increase in open interest for Tata Consumer Products reflects a shift in market dynamics, while the stock's recent performance indicates a challenging environment within the FMCG sector.