Ashok Leyland Sees Surge in Open Interest Amid Increased Trading Activity
Ashok Leyland Ltd. has seen a notable rise in open interest, reaching 40,291 contracts, alongside a trading volume of 52,179 contracts. The stock has outperformed its sector and is trading above key moving averages, with a significant increase in delivery volume, indicating strong market engagement.
Ashok Leyland Ltd., a prominent player in the automobiles sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 40,291 contracts, marking an increase of 4,774 contracts or 13.44% from the previous open interest of 35,517. The trading volume for the day reached 52,179 contracts, indicating robust market engagement.In terms of price performance, Ashok Leyland has outperformed its sector by 0.54%, with the stock gaining 2.72% over the last two days. Today, it achieved an intraday high of Rs 249.54, representing a 3.5% increase. 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 has seen a notable rise, with 35.07 lakh shares delivered on May 19, up 65.42% compared to the 5-day average. With a market capitalization of Rs 71,342.93 crore, Ashok Leyland continues to demonstrate liquidity, supporting trade sizes of Rs 1.39 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.
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