Angel One Ltd Sees 17.97% 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 38,280 contracts, reflecting a rise of 5,830 contracts or 17.97% from the previous open interest of 32,450. This surge coincides with a trading volume of 108,640 contracts, indicating heightened activity in the stock.
In terms of price performance, Angel One has outperformed its sector by 2.33%, marking a consecutive gain over the last four days with a total return of 7.31% during this period. The stock reached an intraday high of Rs 2,435, representing a 4.03% increase. Notably, the stock's current price is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Additionally, 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. With a market capitalization of Rs 21,875 crore, Angel One continues to demonstrate robust liquidity, supporting a trade size of Rs 4.54 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and trading metrics underscores a dynamic trading environment for Angel One.