Ambuja Cements Sees 16.63% Surge in Open Interest Amid Active Trading Volume

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 73,321 contracts, reflecting a rise of 10,457 contracts or 16.63% from the previous open interest of 62,864. This surge in open interest comes alongside a trading volume of 39,422 contracts, indicating heightened activity in the stock.
In terms of performance, Ambuja Cements has outperformed its sector by 0.47% today, with a 1-day return of 0.15%. The stock is currently trading above its 5-day, 20-day, and 200-day moving averages, although it remains below the 50-day and 100-day moving averages. Notably, the stock has seen a decline in investor participation, with delivery volume dropping to 3.61 lakh shares on October 30, a decrease of 84.36% compared to the 5-day average.

With a market capitalization of Rs 1,40,584.96 crore, Ambuja Cements continues to maintain a solid position in the market. The total futures value is reported at Rs 1,33,216.60 lakhs, while the options value is significantly higher at Rs 10,720,228,921 lakhs. Overall, the increase in open interest highlights a notable shift in trading dynamics for Ambuja Cements.