Varun Beverages Sees Surge in Open Interest Amid Active Market Participation

Varun Beverages Ltd (VBL), a prominent player in the beverages industry, has experienced a significant increase in open interest today. The latest open interest stands at 45,878 contracts, reflecting a rise of 4,597 contracts or 11.14% from the previous open interest of 41,281. This uptick in open interest comes alongside a trading volume of 36,228 contracts, indicating active market participation.
In terms of price performance, Varun Beverages has underperformed its sector by 1.19%, with the stock recording a 1D return of -2.47%. Over the past two days, the stock has seen a consecutive decline, totaling a drop of 5.37%. The intraday low reached was Rs 476.6, marking a decrease of 2.64% from the previous close. Notably, the stock is currently 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 increased by 148.32% against the 5-day average, indicating heightened investor participation. With a market capitalization of Rs 1,61,844 crore, Varun Beverages remains a significant entity in the large-cap segment of the market. The increase in open interest, coupled with the current trading dynamics, underscores the evolving landscape for this beverage giant.