Ambuja Cements Sees 10.72% Surge in Open Interest Amid Increased Trading Activity

Ambuja Cements Ltd, a prominent player in the Cement & Cement Products industry, has experienced a notable increase in open interest today. The latest open interest stands at 67,312 contracts, reflecting a rise of 6,517 contracts or 10.72% from the previous open interest of 60,795. This surge in open interest coincides with a trading volume of 18,543 contracts, indicating heightened activity in the derivatives market.
In terms of performance, Ambuja Cements has outperformed its sector by 0.53%, despite facing a decline of 1.22% over the last two days. The stock's current price is positioned higher than its 200-day moving average, although it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Notably, the delivery volume on October 23 reached 21.62 lakh shares, marking a significant increase of 294.94% compared to the 5-day average delivery volume, suggesting a rise in trading activity.

With a market capitalization of Rs 1,38,508.63 crore, Ambuja Cements continues to maintain a liquid trading environment, suitable for transactions of up to Rs 1.36 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Ambuja Cements, reflecting the ongoing interest in the stock amidst its recent performance trends.