APL Apollo Tubes Sees Surge in Open Interest Amid Ongoing Market Challenges

Jul 28 2025 02:00 PM IST
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APL Apollo Tubes Ltd has seen a notable rise in open interest, reaching 33,889 contracts, alongside increased trading volume. However, the stock has underperformed, experiencing consecutive losses and trading below key moving averages, despite a significant uptick in delivery volume compared to recent averages.
APL Apollo Tubes Ltd, a prominent player in the Iron & Steel Products industry, has experienced a significant increase in open interest today. The latest open interest stands at 33,889 contracts, reflecting a rise of 4,176 contracts or 14.05% from the previous open interest of 29,713. This uptick coincides with a trading volume of 37,311 contracts, indicating heightened activity in the derivatives market.

Despite this surge in open interest, APL Apollo Tubes has underperformed its sector, with a decline of 1.57% today. The stock has faced consecutive losses over the past two days, accumulating a total return of -11.05%. During today's trading session, the stock reached an intraday low of Rs 1,492, marking a decrease of 3.31%.

In terms of moving averages, APL Apollo Tubes is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Notably, the stock has seen a substantial increase in delivery volume, which rose by 253.29% compared to the 5-day average, indicating a potential shift in trading dynamics.

In summary, while APL Apollo Tubes has recorded a notable increase in open interest, the stock continues to face challenges in its market performance.
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