Adani Ports Sees 21.72% 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 97,895 contracts, up from the previous open interest of 80,426 contracts, marking a change of 17,469 contracts or a percentage increase of 21.72%. The trading volume for the day reached 59,491 contracts, indicating robust trading activity.
In terms of price performance, Adani Ports is currently trading at Rs 1,418, just 2.77% away from its 52-week high of Rs 1,494. The stock's performance today aligns closely with the sector, which has seen a 1D return of -0.47%, while Adani Ports recorded a slight decline of -0.30%. Despite this, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend.

However, it is worth noting a decline in investor participation, with delivery volume dropping by 60.82% compared to the 5-day average. The liquidity remains adequate, with a trade size of Rs 6.69 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, reflecting evolving investor sentiment.