Tata Consumer Products Sees Surge in Open Interest Amid Dynamic Trading Activity
Tata Consumer Products Ltd has seen a notable rise in open interest, reaching 65,799 contracts, alongside a trading volume of 62,556 contracts. Despite underperforming its sector today, the stock has gained over the past four days and is trading above several moving averages, though delivery volume has decreased significantly.
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 65,799 contracts, up from the previous 51,240 contracts, marking a change of 14,559 contracts or an increase of 28.41%. The trading volume for the stock reached 62,556 contracts, contributing to a total futures value of approximately Rs 148.67 lakhs and an options value of Rs 18,512.83 lakhs, culminating in a total value of Rs 149,769.91 lakhs.In terms of price performance, Tata Consumer Products has underperformed its sector by 0.44% today, although it has shown a positive trend over the past four days, gaining 4.24% during this period. The stock is currently trading above its 5-day, 20-day, 100-day, and 200-day moving averages, but remains below its 50-day moving average. Notably, delivery volume has decreased by 45.59% compared to the 5-day average, indicating a decline in investor participation.
Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for Tata Consumer Products within the FMCG sector.
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