Astral Ltd Sees Significant Surge in Open Interest Amid Increased Derivatives Activity
Astral Ltd has seen a notable rise in open interest, reaching 35,889 contracts, alongside a trading volume of 75,169 contracts, indicating increased activity in the derivatives market. The stock has underperformed its sector and experienced a significant increase in delivery volume, reflecting changing market dynamics.
Astral Ltd, a prominent player in the Plastic Products - Industrial sector, has experienced a significant increase in open interest today. The latest open interest stands at 35,889 contracts, reflecting a rise of 6,155 contracts or 20.7% from the previous open interest of 29,734. This uptick in open interest comes alongside a trading volume of 75,169 contracts, indicating heightened activity in the derivatives market.In terms of price performance, Astral Ltd has underperformed its sector by 2.47%, with the stock reaching an intraday low of Rs 1,484, marking a decline of 4.78%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock is currently above its 50-day and 100-day moving averages, it remains below the 5-day, 20-day, and 200-day moving averages.
Additionally, the stock has seen a notable rise in delivery volume, which increased by 21.55% compared to the 5-day average, reaching 646,000 shares. With a market capitalization of Rs 40,598.77 crore, Astral Ltd continues to maintain a liquid trading environment, suitable for transactions of approximately Rs 3.47 crore. Overall, the increase in open interest highlights a notable shift in market dynamics for Astral Ltd.
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