Surge in Open Interest Signals Increased Trading Activity for ABB India Ltd

ABB India Ltd, a prominent player in the Electric Equipment industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 50,284 contracts, marking an increase of 4,932 contracts or 10.87% from the previous open interest of 45,352. This surge in open interest coincides with a trading volume of 56,823 contracts, indicating robust market engagement.
In terms of price performance, ABB India has outperformed its sector by 0.25% today, with the stock achieving a 1D return of 0.83%. Over the past five days, the stock has shown a notable upward trend, gaining 11.61%. The stock reached an intraday high of Rs 5,699, reflecting a 2.29% increase during the trading session.

Additionally, the stock's delivery volume on April 17 was recorded at 308,000 shares, which is a substantial 50.69% increase compared to the five-day average delivery volume. With a market capitalization of Rs 1,19,054 crore, ABB India remains a liquid option for trades sized at Rs 5 crore, based on 2% of the five-day average traded value. Overall, the notable rise in open interest and trading volume underscores the active engagement in ABB India’s stock today.