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 trading activity. The latest open interest stands at 97,895 contracts, up from the previous 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 just 2.69% below its 52-week high of Rs 1,494. The stock has shown consistent gains over the past two days, with a total return of 2.61% during this period. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Additionally, the stock's delivery volume on October 29 was 14.48 lakh shares, reflecting a 23.56% increase compared to the 5-day average delivery volume, suggesting robust liquidity. With a market capitalization of Rs 3,14,278.62 crore, Adani Ports remains a key player in the transport infrastructure sector. Overall, the notable rise in open interest and trading metrics underscores the stock's active market presence.