Adani Ports Sees 21.72% 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 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 21.72% increase. The trading volume for the day reached 59,491 contracts, contributing to a futures value of approximately Rs 201,126 lakhs.
In terms of price performance, Adani Ports is currently trading close to its 52-week high, just 2.6% away from Rs 1,494. The stock's performance today aligns with the sector, showing a 1D return of 0.10%, compared to a sector return of 0.13% and a Sensex return of -0.50%. Notably, Adani Ports is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend.

Additionally, the stock has seen a rise in delivery volume, with 14.48 lakh shares delivered on October 29, reflecting a 23.56% increase against the 5-day average. With a market capitalization of Rs 3,14,581.03 crore, Adani Ports remains a significant player in the transport infrastructure industry. Overall, the notable spurt in open interest and robust trading metrics highlight the stock's active market presence.