ABB India Ltd Sees Significant Rise in Open Interest Amid Active Market Participation
ABB India Ltd has seen a notable rise in open interest, reaching 36,122 contracts, alongside a trading volume of 25,318 contracts. Despite a slight underperformance relative to its sector, the stock remains above several moving averages, although investor participation has decreased significantly. The company maintains a substantial market capitalization.
ABB India Ltd, a prominent player in the Heavy Electrical Equipment industry, has experienced a significant increase in open interest today. The latest open interest stands at 36,122 contracts, reflecting a rise of 4,403 contracts or 13.88% from the previous open interest of 31,719. This uptick in open interest comes alongside a trading volume of 25,318 contracts, indicating active participation in the market.In terms of price performance, ABB India Ltd underperformed its sector by 0.78%, with the stock reaching an intraday high of Rs 6,067, marking a 2.42% increase. The stock is currently positioned above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a decline in investor participation, with delivery volume dropping by 56.12% compared to the 5-day average.
With a market capitalization of Rs 1,27,812.54 crore, ABB India Ltd continues to maintain a liquid trading environment, suitable for transactions up to Rs 1.8 crore based on 2% of the 5-day average traded value. The increase in open interest highlights a notable shift in market dynamics for the stock, reflecting current trading activity without indicating future trends.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
