APL Apollo Tubes Sees Significant Open Interest Surge Amidst Strong Price Performance

Jun 04 2025 03:00 PM IST
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APL Apollo Tubes Ltd has seen a notable rise in open interest, reaching 15,730 contracts, alongside a trading volume of 19,868 contracts. The stock achieved a new 52-week high of Rs 1,889.9, demonstrating strong performance and resilience in the market despite 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 15,730 contracts, reflecting a rise of 2,343 contracts or 17.5% from the previous open interest of 13,387. This surge in open interest coincides with a trading volume of 19,868 contracts, indicating heightened activity in the stock.

In terms of price performance, APL Apollo Tubes reached a new 52-week high of Rs 1,889.9 today, marking a 4.09% increase during intraday trading. The stock has shown resilience, outperforming its sector by 3.27% and achieving a 4.24% gain over the last two days. Notably, APL Apollo Tubes is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite a decline in delivery volume, which fell by 27.27% against the 5-day average, the stock remains liquid enough for trades of Rs 2.69 crore, supported by a market capitalization of Rs 52,377.21 crore. Overall, the notable increase in open interest and robust price performance underscores the stock's current market dynamics.
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