Avenue Supermarts Sees 10.07% Surge in Open Interest Amid Increased Trading Activity

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 62,471 contracts, reflecting a rise of 5,717 contracts or 10.07% from the previous open interest of 56,754. This surge in open interest comes alongside a trading volume of 35,083 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Avenue Supermarts has faced challenges, with the stock declining by 1.31% today, in line with the sector's performance, which saw a decrease of 1.22%. The stock has been on a downward trend, losing 3.58% over the past two days. It reached an intraday low of Rs 3,984.6, down 2.39% from the previous close. Currently, Avenue Supermarts is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite these challenges, the stock has shown rising investor participation, with a delivery volume of 3.21 lakh shares on November 6, marking a 59.58% increase compared to the 5-day average delivery volume. The liquidity remains robust, supporting trade sizes of Rs 3.21 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Avenue Supermarts, reflecting ongoing developments in the stock's trading landscape.