Adani Ports Sees 10.56% Surge in Open Interest Amid Increased Futures Activity

Adani Ports & Special Economic Zone Ltd (symbol: ADANIPORTS) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 89,932 contracts, up from the previous open interest of 81,343 contracts, marking a change of 8,589 contracts or a 10.56% increase. The trading volume for the day reached 58,092 contracts, contributing to a futures value of approximately Rs 132.69 lakhs.
In terms of price performance, Adani Ports has been under pressure, with the stock recording a 1D return of -0.70%, while the sector's return was slightly better at -0.54%. Over the past three days, the stock has declined by 3.65%. Despite this downturn, the stock's moving averages indicate that it is performing better than the 50-day, 100-day, and 200-day averages, although it is currently below the 5-day and 20-day averages.

Additionally, delivery volume has seen a decline, with a reported 10.37 lakh shares delivered on October 24, down 54.18% compared to the 5-day average. The stock remains liquid enough for trading, with a market capitalization of Rs 3,06,523.72 crore, placing it firmly in the large-cap category. Overall, the increase in open interest amidst recent price declines highlights a dynamic trading environment for Adani Ports.