Surge in Open Interest Signals Shift in Market Dynamics for APL Apollo Tubes

Jul 30 2025 01:00 PM IST
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APL Apollo Tubes Ltd has seen a notable rise in open interest, reaching 38,529 contracts, alongside a trading volume of 52,574 contracts. The stock has outperformed its sector and achieved consecutive gains over two days, though it remains below key moving averages and has experienced a decline in delivery volume.
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 38,529 contracts, reflecting a rise of 5,713 contracts or 17.41% from the previous open interest of 32,816. This surge in open interest comes alongside a trading volume of 52,574 contracts, indicating heightened activity in the stock.

In terms of performance, APL Apollo Tubes has outperformed its sector by 2.48%, with a 1D return of 2.98%. The stock has shown a consecutive gain over the last two days, accumulating a total return of 3.74% during this period. Today, it reached an intraday high of Rs 1,569, marking a 3.57% increase.

Despite these positive movements, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in delivery volume, which fell by 29.19% compared to the 5-day average. The liquidity remains adequate for trading, with a market cap of Rs 43,016.00 crore, positioning APL Apollo Tubes as a liquid stock for transactions of Rs 4.51 crore. Overall, the notable increase in open interest highlights a shift in market dynamics for APL Apollo Tubes.
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