Surge in Open Interest for Aditya Birla Fashion Signals Increased Market Volatility

May 26 2025 03:00 PM IST
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Aditya Birla Fashion & Retail Ltd (ABFRL) has seen a notable rise in open interest, indicating heightened trading activity in the garments sector. Despite this, the stock reached a new 52-week low and has been on a downward trend, reflecting current market volatility and dynamics.
Aditya Birla Fashion & Retail Ltd (ABFRL) has experienced a significant increase in open interest today, reflecting notable trading activity in the garments and apparels sector. The latest open interest stands at 21,476 contracts, up from the previous 18,840 contracts, marking a change of 2,636 contracts or a 13.99% increase. The trading volume for the day reached 17,317 contracts, indicating robust market engagement.

In terms of price performance, ABFRL hit a new 52-week low of Rs 86.2, down 2.65% from the previous day. The stock has been on a downward trend, underperforming its sector by 1.91% and recording a substantial decline of 69.66% over the past five days. The weighted average price suggests that more volume was traded closer to this low price point.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also seen a slight decrease, falling by 0.34% against the 5-day average. With a market capitalization of Rs 10,824 crore, ABFRL remains a mid-cap player in its industry. Overall, the increase in open interest amidst declining prices highlights the current volatility and trading dynamics surrounding the stock.
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