Angel One Ltd Sees 15.75% Surge in Open Interest Amid Increased Trading Activity

Angel One Ltd, a small-cap player in the capital markets industry, has experienced a significant increase in open interest today. The latest open interest stands at 37,561 contracts, reflecting a rise of 5,111 contracts or 15.75% from the previous open interest of 32,450. This uptick in open interest coincides with a trading volume of 89,886 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Angel One has outperformed its sector by 2.6%, marking a notable trend as the stock has gained for four consecutive days, accumulating a total return of 7.81% during this period. The stock reached an intraday high of Rs 2,435, representing a 4.03% increase for the day.

Additionally, the stock's performance metrics show that it is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The delivery volume on October 13 was recorded at 3.09 lakh shares, which is a 33.07% increase compared to the 5-day average delivery volume, suggesting a rise in trading activity.

Overall, the increase in open interest and the stock's recent performance highlight a dynamic trading environment for Angel One Ltd, reflecting its current market position.