Ambuja Cements Sees Surge in Open Interest Amid Increased Trading Activity
Ambuja Cements Ltd has seen a notable rise in open interest, reaching 61,976 contracts, alongside a trading volume of 31,920 contracts today. Despite underperforming its sector, the stock has gained over the past five days and shows increased delivery volume, indicating active market engagement.
Ambuja Cements Ltd (AMBUJACEM), a prominent player in the cement industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 61,976 contracts, up from the previous figure of 56,283, marking a change of 5,693 contracts or a 10.11% increase. The trading volume for the day reached 31,920 contracts, contributing to a futures value of approximately Rs 70,327.41 lakhs.In terms of price performance, Ambuja Cements has underperformed its sector by 0.56% today, despite a notable upward trend over the past five days, during which the stock has gained 6.98%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, the stock has seen a rise in delivery volume, with 22.58 lakh shares delivered on March 26, reflecting a 38.23% increase compared to the 5-day average.
With a market capitalization of Rs 1,32,934.77 crore, Ambuja Cements continues to maintain a liquid trading environment, suitable for transactions around Rs 4.22 crore. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for Ambuja Cements.
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