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 notable trading activity in the transport infrastructure sector. The latest open interest stands at 97,895 contracts, marking a rise of 17,469 contracts or 21.72% from the previous open interest of 80,426. This surge coincides with a trading volume of 59,491 contracts, indicating heightened market engagement.
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, showing a slight decline of 0.29%, while the sector and Sensex both reported similar declines of 0.39% and 0.30%, respectively.

Despite the increase in open interest, there has been a notable drop in delivery volume, which fell by 60.82% compared to the five-day average, with a delivery volume of 5.52 lakh shares recorded on October 30. Adani Ports continues to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.

In summary, the rise in open interest for Adani Ports highlights increased trading activity, while the stock maintains a solid market presence despite recent fluctuations in delivery volume.