Ashok Leyland Sees Surge in Open Interest Amid Increased Derivatives Activity

May 20 2025 01:00 PM IST
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Ashok Leyland Ltd. has seen a notable rise in open interest, reaching 39,837 contracts, alongside a trading volume of 48,075 contracts, indicating increased activity in the derivatives market. The stock has shown resilience, trading above key moving averages and demonstrating strong liquidity with a market capitalization of Rs 71,668.88 crore.
Ashok Leyland Ltd., a prominent player in the automobiles sector, has experienced a significant increase in open interest today. The latest open interest stands at 39,837 contracts, reflecting a rise of 4,320 contracts or 12.16% from the previous open interest of 35,517. This uptick coincides with a trading volume of 48,075 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, Ashok Leyland has shown resilience, gaining 2.41% over the last two days. The stock reached an intraday high of Rs 249.54, marking a 3.5% increase during the trading session. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the delivery volume on May 19 was recorded at 35.07 lakh shares, which is a substantial 65.42% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 71,668.88 crore, Ashok Leyland continues to demonstrate robust liquidity, making it a notable entity in the large-cap segment of the market. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.
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