Adani Ports Sees Surge in Open Interest Amid Increased Trading Activity

Adani Ports & Special Economic Zone Ltd (symbol: ADANIPORTS) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 115,769 contracts, up from the previous figure of 103,707, marking a change of 12,062 contracts or an 11.63% increase. The trading volume for the stock reached 84,202 contracts, contributing to a futures value of approximately Rs 161,514.61 lakhs.
In terms of price performance, Adani Ports has shown resilience, with a 1-day return of 0.51%, while the sector overall declined by 0.40%. The stock has maintained a position above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, the delivery volume on April 21 reached 19.59 lakh shares, reflecting a 42.53% increase compared to the 5-day average, indicating rising investor participation.

With a market capitalization of Rs 2,69,909.36 crore, Adani Ports continues to hold a strong position in the port industry. The increase in open interest and trading volume suggests a dynamic trading environment, underscoring the stock's active status in the market.