Open Interest and Volume Dynamics
On 27 Feb 2026, 360 ONE WAM Ltd recorded an open interest of 6,985 contracts, up from 6,322 the previous day, marking an increase of 663 contracts or 10.49%. This rise in OI was accompanied by a futures volume of 3,177 contracts, reflecting robust trading activity. The futures segment alone accounted for ₹5,087.8 lakhs in value, while options contributed a staggering ₹1,287.16 crores, culminating in a total derivatives turnover of approximately ₹5,349.3 lakhs.
The underlying stock price closed at ₹1,105, having touched an intraday low of ₹1,093, down 3.13% from the previous close. The weighted average price of traded volumes skewed closer to the day’s low, indicating selling pressure during the session.
Price Performance and Moving Averages
360 ONE WAM Ltd has been on a downward trajectory for two consecutive sessions, losing 2.19% over this period. It underperformed its sector by 0.61% and the Sensex by 1.18% on the day. The stock is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a bearish technical setup. This persistent weakness contrasts with the rising open interest, suggesting that new positions are being built amid falling prices.
Investor Participation and Liquidity
Investor engagement remains healthy, with delivery volumes on 26 Feb rising by 3.34% to 3.52 lakh shares compared to the five-day average. The stock’s liquidity supports trades up to ₹1.39 crore based on 2% of the five-day average traded value, making it accessible for institutional and retail participants alike.
This week's revealed pick, a Large Cap from Public Banks with TARGET PRICE, is already showing movement! Get the complete analysis before it's too late.
- - Target price included
- - Early movement detected
- - Complete analysis ready
Interpreting the Open Interest Surge
The 10.5% increase in open interest amid declining prices suggests that market participants are actively establishing new short positions or hedging existing long exposures. Typically, rising OI with falling prices indicates fresh bearish bets, as traders anticipate further downside or seek protection against adverse moves.
Given the substantial options turnover, it is plausible that investors are employing complex strategies such as protective puts or bearish spreads. The large notional value in options (₹1,287.16 crores) relative to futures (₹50.88 crores) underscores the preference for options as a risk management or speculative tool in this stock.
Mojo Score and Analyst Ratings
360 ONE WAM Ltd currently holds a Mojo Score of 54.0, categorised as a Hold. This represents a downgrade from a previous Buy rating on 22 Jan 2026, reflecting a more cautious stance amid recent price weakness and mixed technical signals. The company’s market capitalisation stands at ₹45,014 crore, placing it firmly in the mid-cap segment of the Capital Markets industry.
The Market Cap Grade is 2, indicating moderate size and liquidity, which aligns with the observed trading volumes and delivery participation. The downgrade in Mojo Grade signals that while the stock remains fundamentally sound, near-term headwinds and technical deterioration warrant a more reserved outlook.
Sector and Market Context
The Capital Markets sector has experienced modest declines, with the sector index falling 1.19% on the day, slightly outperforming the Sensex’s 0.81% drop. 360 ONE WAM Ltd’s underperformance relative to its sector peers suggests company-specific factors or positioning are influencing its price action more than broader market trends.
Investors should note that the stock’s consistent trading below all major moving averages signals entrenched bearish momentum, which could persist unless supported by positive catalysts or a reversal in derivatives positioning.
360 ONE WAM Ltd or something better? Our SwitchER feature analyzes this mid-cap Capital Markets stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Implications for Investors
For investors and traders, the surge in open interest combined with falling prices and heavy options activity suggests a cautious approach. The derivatives market appears to be pricing in further downside or volatility, which could translate into increased risk in the underlying equity.
Long-term investors should monitor whether the stock can reclaim key moving averages and stabilise delivery volumes to signal a potential turnaround. Meanwhile, short-term traders might consider the elevated OI as an opportunity to capitalise on momentum, but with strict risk management given the stock’s recent underperformance.
Conclusion
360 ONE WAM Ltd’s recent open interest surge in derivatives highlights a complex interplay of increased market participation and bearish sentiment. While the stock’s fundamentals remain intact, technical indicators and market positioning suggest caution. The downgrade to a Hold rating by MarketsMOJO reflects this nuanced outlook, urging investors to weigh the risks carefully amid ongoing volatility in the Capital Markets sector.
Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today
