Adani Ports Sees 11.31% Surge in Open Interest, Reaching 91,162 Contracts

Adani Ports & Special Economic Zone Ltd (ADANIPORTS) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 91,162 contracts, marking a rise of 9,260 contracts or 11.31% from the previous open interest of 81,902. The trading volume for the day reached 48,521 contracts, contributing to a total futures value of approximately Rs 122,730.87 lakhs.
In terms of price performance, Adani Ports is currently trading close to its 52-week high, just 4.33% away from Rs 1,494. However, the stock has faced challenges recently, with a decline of 2.82% over the past two days. Notably, the stock's performance today aligns closely with the sector, which saw a 1.46% drop, while the Sensex fell by 0.21%.

Despite the recent downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Additionally, delivery volume has decreased by 5.05% compared to the 5-day average, indicating a slight decline in investor participation. Overall, the increase in open interest suggests a notable shift in market dynamics for Adani Ports, warranting attention from market observers.