Avenue Supermarts Sees Surge in Open Interest Amid Ongoing Performance Challenges

May 02 2025 02:00 PM IST
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Avenue Supermarts Ltd (DMART) has seen a notable rise in open interest, reaching 33,753 contracts, alongside a trading volume of 34,516 contracts. Despite this increase, the stock has faced challenges, declining for six consecutive days and experiencing a drop in delivery volume, while maintaining a large-cap market capitalization.
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 33,753 contracts, reflecting a rise of 4,012 contracts or 13.49% from the previous open interest of 29,741. The trading volume for the day reached 34,516 contracts, indicating active participation in the market.

Despite this uptick in open interest, Avenue Supermarts has underperformed its sector, with a decline of 0.32% today. The stock has faced a challenging period, having fallen consecutively for the last six days, resulting in a total drop of 10.14%. The stock touched an intraday low of Rs 4,022, marking a decrease of 4.24% during the trading session.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 5.93 lakh shares on April 30, which is down by 2.53% compared to the five-day average. Avenue Supermarts maintains a market capitalization of Rs 2,63,019.80 crore, categorizing it as a large-cap stock. Overall, the notable increase in open interest highlights a shift in market dynamics, even as the stock grapples with recent performance challenges.
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