Surge in Open Interest for 360 ONE WAM Signals Increased Market Activity Amidst Underperformance

360 ONE WAM Ltd, a prominent player in the capital markets sector, has experienced a significant increase in open interest today. The latest open interest stands at 3,827 contracts, reflecting a rise of 565 contracts or 17.32% from the previous open interest of 3,262. This uptick coincides with a trading volume of 3,389 contracts, indicating active participation in the market.
Despite this surge in open interest, the stock has underperformed its sector by 5.16%, with a notable decline of 5.54% in its one-day return. The stock reached an intraday low of Rs 1,173.8, marking a decrease of 6.32%. The weighted average price suggests that more volume was traded closer to this low price, highlighting a shift in trading dynamics.

Additionally, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. Notably, delivery volume has decreased by 36.85% compared to the five-day average, indicating a decline in investor participation. With a market capitalization of Rs 47,845.69 crore, 360 ONE WAM continues to be a liquid stock, suitable for trades up to Rs 2.5 crore based on recent trading activity. The increase in open interest amidst these performance metrics presents a complex picture of the stock's current standing in the market.