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, marking a notable rise of 17,469 contracts or 21.72% from the previous open interest of 80,426. 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 2.2% away from Rs 1,494. The stock has shown consistent gains over the past two days, with a total increase of 3.1% during this period. It has traded within a narrow range of Rs 13.4 today, indicating stable price movements. Additionally, Adani Ports is performing well against its moving averages, trading above the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

The stock's liquidity remains robust, with a delivery volume of 14.48 lakh shares on October 29, reflecting a 23.56% increase compared to the 5-day average. Overall, the surge in open interest and positive trading metrics suggest a dynamic trading environment for Adani Ports, underscoring its position in the transport infrastructure sector.