Aditya Birla Capital Sees 10.17% Surge in Open Interest Amid Strong Trading Activity

Aditya Birla Capital Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant increase in open interest today. The latest open interest stands at 36,784 contracts, reflecting a rise of 3,395 contracts or 10.17% from the previous open interest of 33,389. This uptick coincides with a trading volume of 53,708 contracts, indicating robust activity in the market.
In terms of price performance, Aditya Birla Capital reached a new 52-week high of Rs 299.4, marking a 2.73% increase during the trading session. The stock has shown consistent gains over the past two days, accumulating a total return of 2.46%. Notably, it has outperformed its sector by 1.27%, while the broader market, represented by the Sensex, has seen a decline of 0.26%.

The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume has surged by 41.64% compared to the 5-day average, suggesting increased liquidity and trading activity. Overall, the notable rise in open interest and positive price movements highlight a dynamic trading environment for Aditya Birla Capital.