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 notable trading activity in the transport infrastructure sector. 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, indicating robust engagement in the market.
In terms of price performance, Adani Ports is currently trading at Rs 1,418, just 2.73% 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 recorded declines of 0.33% and 0.45%, respectively. Despite this, Adani Ports is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend.

However, it is worth noting a decrease in investor participation, with delivery volume dropping by 60.82% compared to the 5-day average. The stock remains liquid enough for trades of approximately Rs 6.69 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Adani Ports, reflecting heightened trading activity amidst fluctuating price movements.