Surge in Open Interest for ACC Ltd Signals Increased Trading Activity Amidst Stock Decline

ACC Ltd, a prominent player in the Cement & Cement Products industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 25,657 contracts, marking a rise of 2,903 contracts or 12.76% from the previous open interest of 22,754. The trading volume for the day reached 8,021 contracts, contributing to a total futures value of approximately Rs 11,219.18 lakhs. Despite this surge in open interest, ACC's stock has underperformed relative to its sector, showing a decline of 1.64% today, while the sector itself fell by only 0.41%. Over the past five days, ACC has faced consecutive losses, with a total decline of 3.84%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation appears to be waning, with delivery volume dropping by 56.85% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades of Rs 0.83 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest amidst a challenging performance landscape highlights the dynamic nature of ACC's trading environment.