Ambuja Cements Sees Significant Open Interest Surge Amid Active Market Participation

Ambuja Cements Ltd, a prominent player in the Cement & Cement Products industry, has experienced a significant increase in open interest today. The latest open interest stands at 59,045 contracts, reflecting a rise of 7,518 contracts or 14.59% from the previous open interest of 51,527. This uptick in open interest coincides with a trading volume of 55,613 contracts, indicating active participation in the market.
In terms of price performance, Ambuja Cements has outperformed its sector by 2.55%, with the stock gaining 4.67% on the day. The stock reached an intraday high of Rs 562.8, marking a 5.09% increase. Notably, Ambuja Cements has shown consistent performance over the past three days, accumulating a total return of 5.57% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite a decline in delivery volume, which fell by 41.68% compared to the 5-day average, the stock remains liquid enough for trades of Rs 1.73 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and solid price performance underscores the current activity surrounding Ambuja Cements in the market.