Surge in Open Interest Signals Increased Trading Activity for Varun Beverages Ltd
Varun Beverages Ltd has seen a significant 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 declined. The company maintains a strong market capitalization, indicating a liquid trading environment.
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 coincides with a trading volume of 63,524 contracts, indicating robust market engagement.In terms of performance, Varun Beverages has outperformed its sector by 0.88%, with a one-day return of 0.60%. The stock is currently trading at an underlying value of Rs 484, while the total futures value is approximately Rs 107,163.55 lakhs. However, it is important to note that the stock's delivery volume has seen a decline, with a reported delivery volume of 28.85 lakh shares on May 26, down by 52.02% compared to the five-day average.
Despite being higher than the five-day moving averages, the stock remains below the 20-day, 50-day, 100-day, and 200-day moving averages. With a market capitalization of Rs 1,62,685 crore, Varun Beverages continues to maintain a liquid trading environment, suitable for transactions up to Rs 9.69 crore based on the average traded value. Overall, the increase in open interest highlights a notable shift in trading dynamics for Varun Beverages.
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