Adani Ports Sees 18.24% 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 96,839 contracts, up from the previous open interest of 81,902 contracts, marking a change of 14,937 contracts or an 18.24% increase. The trading volume for the day reached 70,906 contracts, indicating robust participation in the market.
In terms of price performance, Adani Ports is currently trading close to its 52-week high, just 4.88% away from Rs 1,494. However, the stock has faced challenges recently, with a decline of 3.33% over the past two days, and a day’s low of Rs 1,422.3, reflecting a decrease of 2.12%. The stock's performance today aligns with the sector, which saw a 1.93% decline, while the Sensex fell by 0.52%.

Despite the recent drop in stock price, it remains above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day averages. The liquidity remains adequate for trading, with a delivery volume of 20.92 lakh shares on October 23, down by 5.05% compared to the 5-day average. Overall, the increase in open interest suggests heightened activity in Adani Ports, reflecting the current dynamics in the transport infrastructure sector.