United Spirits Ltd Sees 13.38% Surge in Open Interest to 54,780 Contracts

United Spirits Ltd, a prominent player in the beverages industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 54,780 contracts, marking a rise of 6,465 contracts or 13.38% from the previous open interest of 48,315. This surge coincides with a trading volume of 22,679 contracts, indicating robust market engagement.
In terms of price performance, United Spirits is currently trading close to its 52-week low, just 2.22% away from Rs 1,271.1. The stock has faced challenges recently, with a consecutive decline over the past two days, resulting in a total drop of 3.77%. Notably, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Despite these challenges, there has been a notable rise in delivery volume, which reached 764,000 on September 25, reflecting a 34.61% increase compared to the 5-day average. With a market capitalization of Rs 94,708.35 crore, United Spirits remains a liquid stock, suitable for trades around Rs 2.63 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for United Spirits, warranting attention from market participants.