Avenue Supermarts Sees Significant Open Interest Surge Amid Market Dynamics Shift
Avenue Supermarts Ltd (DMART) has seen a notable rise in open interest, reaching 33,229 contracts, alongside a trading volume of 29,074 contracts. Despite recent price declines and underperformance relative to its sector, the company retains a substantial market capitalization of Rs 2,64,562.04 crore.
Avenue Supermarts Ltd (DMART), a prominent player in the retailing sector, has experienced a significant increase in open interest today. The latest open interest stands at 33,229 contracts, reflecting a rise of 3,488 contracts or 11.73% from the previous open interest of 29,741. This uptick in open interest comes alongside a trading volume of 29,074 contracts, indicating active participation in the market.In terms of price performance, Avenue Supermarts has underperformed its sector by 0.49%, continuing a downward trend with a decline of 10.14% over the past six days. The stock reached an intraday low of Rs 4,037.1, marking a decrease of 3.88% for the day. The weighted average price suggests that more volume was traded closer to this low price point.
Despite the recent challenges, Avenue Supermarts maintains a market capitalization of Rs 2,64,562.04 crore, categorizing it as a large-cap stock. The stock's liquidity remains adequate for trading, with a delivery volume of 5.93 lakh shares, although this reflects a slight decline of 2.53% compared to the five-day average. Overall, the notable increase in open interest highlights a shift in market dynamics for Avenue Supermarts amidst its recent price fluctuations.
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