Surge in Open Interest Signals Increased Trading Activity for Aditya Birla Capital
Aditya Birla Capital Ltd has seen a notable rise in open interest, reaching 45,168 contracts, alongside a trading volume of 22,672 contracts. Despite this increase, the stock has underperformed its sector, experiencing a decline over the past two days, indicating a complex trading environment.
Aditya Birla Capital Ltd (symbol: ABCAPITAL) has experienced a significant increase in open interest today, reflecting notable trading activity in the finance/NBFC sector. The latest open interest stands at 45,168 contracts, marking an increase of 4,706 contracts or 11.63% from the previous open interest of 40,462. The trading volume for the day reached 22,672 contracts, contributing to a total futures value of approximately Rs 61,269.39 lakhs.Despite this uptick in open interest, the stock has underperformed its sector, declining by 1.35% today compared to a sector return of -0.34%. Over the past two days, Aditya Birla Capital has seen a consecutive fall, with a total decline of 1.73%. The stock's weighted average price indicates that more volume was traded closer to its low price, and it remains above its 5-day, 20-day, 50-day, and 100-day moving averages, yet below the 200-day moving average.
Investor participation appears to be waning, with a delivery volume of 19.73 lakh shares on March 24, down 26.33% from the 5-day average. The stock maintains sufficient liquidity for trades sized at Rs 2.36 crore, given that it represents 2% of the 5-day average traded value. Overall, the increase in open interest amidst recent price declines highlights a complex trading environment for Aditya Birla Capital.
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