Adani Ports Sees 21.72% Surge in Open Interest, Reaching 97,895 Contracts

Adani Ports & Special Economic Zone Ltd (symbol: ADANIPORTS) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 97,895 contracts, up from the previous 80,426, marking a change of 17,469 contracts or a 21.72% increase. The trading volume for the day reached 59,491 contracts, indicating robust participation in the market.
In terms of price performance, Adani Ports is currently trading close to its 52-week high, just 3.07% away from Rs 1,494. Despite this proximity to its peak, the stock has shown a slight decline of 0.40% today, which is in line with the sector's performance, as the sector index fell by 0.31%. Notably, the stock has reversed its trend after two consecutive days of gains.

Adani Ports is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its price trajectory. However, there has been a notable decrease in delivery volume, which fell by 60.82% compared to the 5-day average, suggesting a decline in investor participation. The stock remains liquid enough for trades of Rs 6.69 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a dynamic trading environment for Adani Ports amid fluctuating market conditions.