Aditya Birla Capital Sees 12.87% Surge in Open Interest, Reaching 40,110 Contracts

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 40,110, reflecting a rise of 4,573 from the previous open interest of 35,537, marking a percentage change of 12.87%. This uptick in open interest comes alongside a trading volume of 16,775, indicating heightened activity in the stock.
In terms of price performance, Aditya Birla Capital is currently trading close to its 52-week high, just 2.45% away from Rs 311.8. Despite this, the stock has underperformed its sector today, with a 1D return of -1.09%, compared to a sector return of -0.12% and a Sensex return of -0.24%. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong trend in the short to medium term.

Additionally, the stock has seen a notable rise in delivery volume, with 24.2 lakh shares delivered on October 23, reflecting a 126.71% increase against the 5-day average delivery volume. With a market capitalization of Rs 79,593.76 crore, Aditya Birla Capital continues to maintain a liquid trading environment, suitable for transactions up to Rs 1.6 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading metrics highlights a dynamic trading environment for Aditya Birla Capital.