Surge in Open Interest Signals Increased Activity for Godrej Consumer Products Stock

Apr 23 2025 03:00 PM IST
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Godrej Consumer Products Ltd has seen a notable rise in open interest, reaching 46,090 contracts, alongside a trading volume of 40,626 contracts. The stock has outperformed its sector and demonstrated consistent gains over the past two days, while trading above key moving averages, indicating a strong upward trend.
Godrej Consumer Products Ltd (GODREJCP) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 46,090 contracts, up from the previous 37,399, marking a change of 8,691 contracts or a 23.24% increase. The trading volume for the day reached 40,626 contracts, contributing to a total futures value of approximately Rs 101,242.62 lakhs.

In terms of price performance, Godrej Consumer has outperformed its sector by 1.78%, with a notable 2.70% return for the day. The stock has shown consistent gains over the past two days, accumulating a total return of 4.29% during this period. It reached an intraday high of Rs 1,268, reflecting a 2.97% increase.

Additionally, Godrej Consumer is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that delivery volume has decreased by 3.83% compared to the 5-day average, suggesting a decline in investor participation. Overall, the increase in open interest alongside solid price performance highlights the current dynamics surrounding Godrej Consumer Products in the FMCG sector.
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