Aditya Birla Capital Sees 16.95% Surge in Open Interest to 41,561 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 41,561 contracts, reflecting a rise of 6,024 contracts or 16.95% from the previous open interest of 35,537. This surge in open interest coincides with a trading volume of 21,829 contracts, indicating heightened activity in the stock.
In terms of price performance, Aditya Birla Capital is currently trading just 1.75% below its 52-week high of Rs 311.8. Despite this, the stock has underperformed its sector by 0.45% today, with a 1-day return of -0.71%. However, it is noteworthy that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend in its price movement.

Additionally, the stock has seen a notable increase in delivery volume, with 24.2 lakh shares delivered on October 23, marking a 126.71% rise compared to the 5-day average delivery volume. With a market capitalization of Rs 79,894.21 crore, Aditya Birla Capital remains a liquid option for trades sized at Rs 1.6 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and delivery volume highlights a dynamic trading environment for Aditya Birla Capital.