Surge in Open Interest Signals Shift in Market Dynamics for United Spirits Ltd
United Spirits Ltd has seen a notable rise in open interest, reaching 58,645 contracts, alongside a trading volume of 26,763 contracts, indicating increased activity in the derivatives market. The stock is currently near its 52-week low and has experienced a decline over the past three days.
United Spirits Ltd, a prominent player in the beverages industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 58,645 contracts, reflecting a rise of 7,149 contracts or 13.88% from the previous OI of 51,496. This uptick comes alongside a trading volume of 26,763 contracts, indicating heightened activity in the derivatives market.In terms of price performance, United Spirits is currently trading close to its 52-week low, just 2.64% away from Rs 1,271.1. The stock has underperformed its sector slightly, with a 1D return of -0.42%, compared to the sector's -0.69% and the Sensex's -0.65%. Over the past three days, the stock has seen a consecutive decline, with a total drop of 2.35%.
Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Delivery volume has also decreased, with a 17.84% drop compared to the 5-day average. Despite these challenges, the liquidity remains adequate for trades sized at Rs 3.11 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for United Spirits.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
