Aditya Birla Fashion Sees Surge in Open Interest Amid Increased Trading Activity
Aditya Birla Fashion & Retail Ltd (ABFRL) has seen a notable rise in open interest, reaching 33,846 contracts, alongside a trading volume of 24,714 contracts. The stock has outperformed its sector and is currently above its 5-day and 20-day moving averages, despite a decline in delivery volume.
Aditya Birla Fashion & Retail Ltd (ABFRL) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 33,846 contracts, marking a rise of 3,500 contracts or 11.53% from the previous open interest of 30,346. This uptick coincides with a trading volume of 24,714 contracts, indicating robust market engagement.In terms of price performance, ABFRL has outperformed its sector by 3.25%, reaching an intraday high of Rs 79.1, which represents a gain of 3.32% for the day. The stock is currently positioned above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.
Despite a notable decline in delivery volume, which has fallen by 46.51% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 2.4 crore, based on 2% of the 5-day average traded value.
In summary, the increase in open interest for Aditya Birla Fashion & Retail Ltd highlights a notable shift in trading dynamics, reflecting current market conditions without indicating future trends.
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