Surge in Open Interest Signals Increased Activity for 360 ONE WAM Ltd

360 ONE WAM Ltd, a prominent player in the Capital Markets sector, has experienced a notable increase in open interest today. The latest open interest stands at 2,599 contracts, reflecting a rise of 277 contracts or 11.93% from the previous open interest of 2,322. The trading volume for the day reached 1,005 contracts, contributing to a futures value of approximately Rs 3,805.79 lakhs and an options value of Rs 238,667.06 lakhs, bringing the total value to Rs 3,878.67 lakhs. The underlying value of the stock is reported at Rs 1,218.
In terms of performance, 360 ONE WAM has outperformed its sector by 4.34%, marking a consecutive gain over the last two days with a total return of 3.9%. The stock reached an intraday high of Rs 1,222, reflecting a 3.81% increase. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is noteworthy that delivery volume has decreased significantly, falling by 87.16% compared to the 5-day average.

In summary, the increase in open interest alongside the stock's recent performance highlights significant activity in 360 ONE WAM, underscoring its current market dynamics.