Astral Ltd Sees 13.77% Surge in Open Interest, Totaling 35,468 Contracts

Astral Ltd, a mid-cap player in the Plastic Products - Industrial sector, has experienced a significant increase in open interest today. The latest open interest stands at 35,468 contracts, reflecting a rise of 4,292 contracts or 13.77% from the previous open interest of 31,176. This uptick in open interest comes alongside a trading volume of 24,387 contracts, indicating heightened activity in the derivatives market.
In terms of overall market performance, Astral's stock is currently trading at an underlying value of Rs 1,435. The stock's performance today aligns closely with the sector, which has seen a 1.45% decline, while Astral itself has recorded a 1.92% drop. Notably, the stock's moving averages indicate it is performing higher than the 20-day, 50-day, and 200-day averages, although it remains below the 5-day and 100-day averages.

Additionally, the delivery volume surged to 546,000 shares on October 23, marking a 121.6% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 38,355.67 crore, Astral continues to maintain a liquid trading environment, suitable for transactions up to Rs 1.32 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Astral Ltd.