Astral Ltd Sees Significant Surge in Open Interest Amid Increased Trading Activity
Astral Ltd has seen a notable rise in open interest, reaching 36,531 contracts, alongside a trading volume of 51,043 contracts, indicating increased activity in the derivatives market. Despite underperforming its sector, the stock has attracted higher investor participation, with a significant increase in delivery volume.
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 36,531 contracts, reflecting a notable rise of 6,797 contracts or 22.86% from the previous open interest of 29,734. This surge coincides with a trading volume of 51,043 contracts, indicating heightened activity in the derivatives market.In terms of price performance, Astral's stock has underperformed its sector by 2.48%, with 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 shown rising investor participation, with a delivery volume of 646,000 shares on June 20, which is up by 21.55% compared to the 5-day average. With a market capitalization of Rs 40,588.02 crore, Astral continues to maintain a liquid trading environment, suitable for transactions around Rs 3.47 crore. Overall, the increase in open interest highlights a shift in market dynamics for Astral Ltd, reflecting active trading conditions.
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