Surge in Open Interest Signals Increased Trading Activity for Varun Beverages Ltd
Varun Beverages Ltd has seen a notable rise in open interest, reaching 97,766 contracts, alongside a trading volume of 63,524 contracts. The stock has outperformed its sector slightly, though its delivery volume has decreased significantly. Overall, the increase in open interest indicates active market engagement.
Varun Beverages Ltd (VBL), 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 97,766 contracts, marking a notable rise of 13,805 contracts or 16.44% from the previous open interest of 83,961. This surge is accompanied by a trading volume of 63,524 contracts, indicating robust market engagement.In terms of performance, Varun Beverages has outperformed its sector by 0.93%, with a one-day return of 0.58%. The stock is currently trading at an underlying value of Rs 484, while its future value is reported at Rs 107,163.55 lakhs. However, it is noteworthy that the stock's delivery volume has seen a decline of 52.02% compared to the five-day average, with a delivery volume of 28.85 lakhs recorded on May 26.
Despite being higher than the five-day moving averages, Varun Beverages' stock price remains below the 20-day, 50-day, 100-day, and 200-day moving averages. The liquidity of the stock is adequate for trades up to Rs 9.69 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Varun Beverages, reflecting the stock's current market position.
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