Avenue Supermarts Reports 10.37% Increase in Open Interest for DMART Stock

Avenue Supermarts Ltd (DMART), a prominent player in the diversified retail sector, has experienced a notable increase in open interest today. The latest open interest stands at 62,640 contracts, reflecting a rise of 5,886 contracts or 10.37% from the previous open interest of 56,754. This uptick in open interest comes alongside a trading volume of 37,828 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Avenue Supermarts has faced challenges recently, with the stock declining by 3.88% over the past two days. Today, it reached an intraday low of Rs 3,984.6, marking a decrease of 2.39%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

Despite these challenges, the stock has seen a significant rise in delivery volume, which increased by 59.58% compared to the 5-day average, indicating a potential shift in trading dynamics. With a market capitalization of Rs 2,61,055 crore, Avenue Supermarts remains a key player in the retail industry. The increase in open interest, coupled with the current trading metrics, underscores the evolving landscape for this large-cap stock.