Ambuja Cements Sees 16.63% Surge in Open Interest, Reaching 73,321 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 73,321 contracts, reflecting a rise of 10,457 contracts or 16.63% from the previous OI of 62,864. This uptick in OI indicates heightened activity in the derivatives market, with a trading volume of 39,422 contracts recorded.
In terms of financial metrics, Ambuja Cements has a market capitalization of Rs 1,40,646.76 crore, categorizing it as a large-cap stock. The stock's performance today has seen it underperform the sector by 0.35%, with a 1-day return of -0.48%. Notably, 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.

Additionally, the stock has shown rising investor participation, with a delivery volume of 23.79 lakh shares on October 29, marking a 28.35% increase compared to the 5-day average delivery volume. The liquidity remains robust, allowing for a trade size of Rs 3.54 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 behavior without indicating future price movements.