Amber Enterprises India Ltd Sees 12.31% Surge in Open Interest to 14,840

Amber Enterprises India Ltd, a player in the Electronics & Appliances sector, has experienced a notable increase in open interest today. The latest open interest stands at 14,840 contracts, reflecting a rise of 1,627 contracts or 12.31% from the previous open interest of 13,213. This surge in open interest coincides with a trading volume of 14,770 contracts, indicating active participation in the market.
In terms of price performance, Amber Enterprises is currently trading close to its 52-week high, just 2.53% away from the peak of Rs 8,497. However, the stock has underperformed its sector by 1.18% today, with an intraday low of Rs 7,991, marking a decline of 3.01%. Despite this, 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.

With a market capitalization of Rs 28,717 crore, Amber Enterprises continues to demonstrate liquidity, with a delivery volume of 83,520 shares on October 8, reflecting a 1.95% increase against the 5-day average. Overall, the increase in open interest highlights a significant shift in market dynamics for Amber Enterprises India Ltd, warranting attention from market participants.