APL Apollo Tubes Ltd Sees Significant Surge in Open Interest Amid Active Market Participation

APL Apollo Tubes Ltd, a prominent player in the Iron & Steel Products industry, has experienced a notable increase in open interest today. The latest open interest stands at 17,638 contracts, reflecting a rise of 1,610 contracts or 10.04% from the previous open interest of 16,028. This surge in open interest comes alongside a trading volume of 8,431 contracts, indicating active participation in the market.
In terms of financial metrics, the stock's performance today has underperformed its sector by 1.72%, with a 1D return of -0.18%. Despite this, the stock remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is currently below the 20-day moving average. The underlying value of the stock is reported at Rs 1,789, with a total futures value of Rs 16,188.59 lakhs and an options value of approximately Rs 3,744.39 crore.

Additionally, delivery volume has seen a significant increase, rising by 54.1% against the 5-day average, with a delivery volume of 662,000 shares recorded on June 25. The liquidity of the stock remains robust, accommodating trade sizes of Rs 2.72 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for APL Apollo Tubes Ltd, reflecting heightened trading activity.