Surge in Open Interest Signals Shift in Trading Dynamics for United Spirits Ltd
United Spirits Ltd has seen a notable rise in open interest, reaching 60,388 contracts, indicating heightened trading activity. Despite this, the stock is currently underperforming its sector and trading below key moving averages, with declining investor participation reflected in reduced delivery volumes. The market cap stands at Rs 95,683 crore.
United Spirits Ltd, a prominent player in the beverages industry, has experienced a significant increase in open interest today, reflecting notable trading activity. The latest open interest stands at 60,388 contracts, marking a rise of 10,379 contracts or 20.75% from the previous open interest of 50,009. The trading volume for the day reached 41,556 contracts, indicating robust market engagement.In terms of market performance, United Spirits is currently trading at an underlying value of Rs 1,316, which positions it 3.41% away from its 52-week low of Rs 1,271.1. The stock has underperformed its sector by 0.59% today and has seen a consecutive decline over the past two days, with a total drop of 1.57% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging trend.
Investor participation appears to be waning, as evidenced by a delivery volume of 3.45 lakh shares on August 22, which has decreased by 66.1% compared to the 5-day average. Despite these challenges, the liquidity remains adequate for trading, with a market cap of Rs 95,683 crore. Overall, the increase in open interest highlights a shift in trading dynamics for United Spirits, amidst a backdrop of declining stock performance.
{{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
