Amber Enterprises India Ltd Sees 18.18% Surge in Open Interest to 15,615

Amber Enterprises India Ltd, a player in the Electronics & Appliances sector, has experienced a significant increase in open interest today. The latest open interest stands at 15,615 contracts, reflecting a rise of 2,402 contracts or 18.18% from the previous open interest of 13,213. This uptick coincides with a trading volume of 21,078 contracts, indicating heightened activity in the stock.
In terms of price performance, Amber Enterprises is currently trading close to its 52-week high, just 4.23% away from the peak of Rs 8,497. However, the stock has underperformed its sector, with a decline of 1.23% today, while the Consumer Durables - Electronics sector gained 2.02%. Over the past two days, Amber has seen a consecutive fall, with a total decline of 3.15%. The stock reached an intraday low of Rs 7,991, down 3.01%.

Despite these fluctuations, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day averages. The liquidity remains robust, with a delivery volume of 83.52k on October 8, reflecting a 1.95% increase against the 5-day average. Overall, the notable rise in open interest highlights a shift in market dynamics for Amber Enterprises India Ltd.