Surge in Open Interest Signals Shift in Trading Dynamics for United Spirits Ltd

May 21 2025 02:00 PM IST
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United Spirits Ltd has seen a notable rise in open interest, reaching 50,123 contracts, alongside a trading volume of 80,673 contracts, indicating increased market activity. Despite this, the stock has declined after four days of gains, with a decrease in delivery volume suggesting reduced investor participation.
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 50,123 contracts, up from the previous figure of 45,267, marking a change of 4,856 contracts or a 10.73% increase. The trading volume for the day reached 80,673 contracts, indicating robust market engagement.

In terms of price performance, United Spirits has shown a decline after four consecutive days of gains, with the stock touching an intraday low of Rs 1,501.7, representing a decrease of 3.53%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages.

Additionally, the delivery volume has seen a decline of 20.07% compared to the 5-day average, indicating a drop in investor participation. Despite this, the stock maintains sufficient liquidity for trades of Rs 0.73 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in trading dynamics for United Spirits, amidst a backdrop of fluctuating price movements.
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