Tata Consumer Products Sees 22.69% Surge in Open Interest to 51,638 Contracts

Tata Consumer Products Ltd has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 51,638 contracts, up from the previous 42,088 contracts, marking a change of 9,550 contracts or an increase of 22.69%. The trading volume for the day reached 33,749 contracts, contributing to a total futures value of approximately Rs 126.81 crore.
In terms of price performance, Tata Consumer Products is currently trading close to its 52-week high, just 3.38% away from Rs 1,191.2. However, the stock has faced a decline over the past three days, with a total return of -2.05% during this period. Despite this recent downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

Investor participation appears to be waning, with delivery volume on October 23 dropping by 24.08% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades up to Rs 3.6 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Tata Consumer Products, amidst a backdrop of fluctuating trading activity.