Angel One Ltd Sees 10.55% Surge in Open Interest to 30,363 Contracts

Angel One Ltd, a small-cap player in the capital markets sector, has experienced a significant increase in open interest today. The latest open interest stands at 30,363 contracts, reflecting a rise of 2,897 contracts or 10.55% from the previous open interest of 27,466. This uptick in open interest comes alongside a trading volume of 65,844 contracts, indicating active market participation.
In terms of price performance, Angel One has outperformed its sector by 0.4%, with the stock gaining 2.57% over the last two days. Today, it reached an intraday high of Rs 2,710, marking a 2.6% increase. 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 in its price trajectory.

However, it is noteworthy that delivery volume has decreased by 15.6% compared to the 5-day average, with a total delivery volume of 2.94 lakh shares recorded on November 11. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 5.66 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's recent performance highlight a dynamic trading environment for Angel One.