Adani Ports Sees 14.19% Surge in Open Interest Amid Increased Futures Activity

Adani Ports & Special Economic Zone Ltd (ADANIPORTS) has experienced a significant increase in open interest today, reflecting notable trading activity. The latest open interest stands at 93,526 contracts, marking a rise of 11,624 contracts or 14.19% from the previous open interest of 81,902. The trading volume for the day reached 58,397 contracts, contributing to a total futures value of approximately Rs 154,128.89 lakhs.
In terms of price performance, Adani Ports is currently 4.87% away from its 52-week high of Rs 1,494, although it has faced a decline of 3.32% over the last two days. The stock touched an intraday low of Rs 1,423.8, reflecting a decrease of 2.02% during the session. Notably, the stock's moving averages indicate it is above the 50-day, 100-day, and 200-day averages, but below the 5-day and 20-day averages.

Despite a recent drop in delivery volume, which fell by 5.05% against the 5-day average, the stock remains liquid enough for trades sized at Rs 10.36 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Adani Ports, amidst a backdrop of fluctuating stock performance.