Avenue Supermarts Sees 10.84% Surge in Open Interest, Reaching 71,997 Contracts

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 71,997 contracts, reflecting a rise of 7,041 contracts or 10.84% from the previous open interest of 64,956. This surge in open interest comes alongside a trading volume of 61,117 contracts, indicating heightened activity in the stock.
In terms of price performance, Avenue Supermarts has shown resilience, gaining 0.43% today, which is in line with the sector's performance of 0.41% and the broader Sensex's return of 0.22%. The stock has reversed its trend after two consecutive days of decline, positioning itself above the 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day and 20-day moving averages.

Additionally, the stock's delivery volume has seen a significant uptick, with 294,000 shares delivered on September 26, marking a 36.96% increase compared to the 5-day average. With a market capitalization of Rs 2,95,244.10 crore, Avenue Supermarts continues to maintain a liquid trading environment, suitable for transactions up to Rs 3.98 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading activity underscores a dynamic trading environment for Avenue Supermarts.