Avenue Supermarts Sees 11.97% Surge in Open Interest to 75,417 Contracts

Avenue Supermarts Ltd (DMART), a prominent player in the diversified retail sector, has experienced a significant increase in open interest today. The latest open interest stands at 75,417 contracts, reflecting an increase of 8,065 contracts or 11.97% from the previous open interest of 67,352. This uptick in open interest comes alongside a trading volume of 75,161 contracts, indicating active participation in the market.
In terms of financial metrics, Avenue Supermarts has a market capitalization of approximately Rs 2,94,782.08 crore, categorizing it as a large-cap stock. The stock has shown a performance today that is in line with its sector, despite a slight decline of 1.01% in its one-day return, compared to a sector return of -1.12% and a Sensex return of -0.96%.

Notably, the stock has been on a downward trend for the past two days, with a cumulative decline of 2.88%. However, it remains above its 50-day, 100-day, and 200-day moving averages, while trading below its 5-day and 20-day moving averages. The delivery volume has also seen a rise, with a notable increase of 44.65% against the 5-day average delivery volume.

In summary, the notable rise in open interest for Avenue Supermarts reflects heightened trading activity, while the stock's performance metrics indicate a mixed outlook in the current market environment.