Aditya Birla Capital Sees 28.58% Surge in Open Interest, Reaching 45,694 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 45,694 contracts, reflecting a notable rise of 10,157 contracts or 28.58% from the previous open interest of 35,537. This surge in open interest coincides with a trading volume of 30,015 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Aditya Birla Capital is currently trading close to its 52-week high, just 1.96% away from Rs 311.8. Despite this, the stock has underperformed its sector by 0.35% today, with a 1D return of -0.80%. 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 strong trend in the medium to long term.

Additionally, the stock has seen a significant rise in delivery volume, with 24.2 lakh shares delivered on October 23, marking an increase of 126.71% compared to the 5-day average. With a market capitalization of Rs 79,828.90 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 highlights a notable shift in market dynamics for Aditya Birla Capital.