Nestle India Sees Surge in Open Interest Amidst Challenging Market Conditions

Apr 02 2025 02:00 PM IST
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Nestle India Ltd has seen a notable rise in open interest, reaching 59,341 contracts, indicating increased trading activity. The stock is trading near its 52-week low and has underperformed its sector recently. However, delivery volume has surged significantly, highlighting ongoing liquidity in the market.
Nestle India Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 59,341 contracts, marking a rise of 6,449 contracts or 12.19% from the previous open interest of 52,892. The trading volume for the day reached 38,701 contracts, contributing to a total futures value of approximately Rs 38,332 lakhs.

In terms of price performance, Nestle India is currently trading close to its 52-week low, just 4.4% away from Rs 2,110. The stock has underperformed its sector, showing a decline of 1.53% today, and has faced consecutive losses over the past two days, with a total drop of 1.94% during this period. The intraday low was recorded at Rs 2,148, reflecting a decrease of 3.85% at one point.

Despite these challenges, there has been a notable rise in delivery volume, which increased by 53.99% compared to the five-day average. Overall, Nestle India continues to exhibit liquidity suitable for trading, with a market capitalization of Rs 2,12,668.97 crore. This surge in open interest amidst a challenging trading environment underscores the dynamic nature of the stock's market activity.
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