Ambuja Cements Sees 11.96% Surge in Open Interest, Reaching 71,648 Contracts

Ambuja Cements Ltd, a prominent player in the Cement & Cement Products industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 71,648 contracts, reflecting a rise of 7,656 contracts or 11.96% from the previous OI of 63,992. This uptick in OI comes alongside a trading volume of 28,486 contracts, indicating heightened activity in the stock.
In terms of market performance, Ambuja Cements has underperformed its sector by 0.69% today, with a 1D return of 0.32%. The stock has shown signs of a trend reversal, gaining after two consecutive days of decline. Notably, the stock's price is currently above its 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting mixed short-term momentum.

Investor participation has notably increased, with a delivery volume of 43.45 lakh shares on October 24, marking a substantial rise of 452.43% compared to the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 2.25 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Ambuja Cements highlights a shift in market dynamics, reflecting active trading and changing investor sentiment.