Avenue Supermarts Sees Surge in Open Interest Amid Increased Trading Activity

Avenue Supermarts Ltd, a prominent player in the diversified retail sector, has experienced a significant increase in open interest today. The latest open interest stands at 57,700, marking a rise of 7,250 from the previous open interest of 50,450, which translates to a percentage change of 14.37%. The trading volume for the day reached 47,902, indicating robust activity in the stock.
In terms of performance, Avenue Supermarts has underperformed its sector by 0.44%, with a one-day return of -1.46%. This decline comes after two consecutive days of gains, suggesting a potential trend reversal. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend.

The liquidity of Avenue Supermarts remains strong, with a delivery volume of 4.28 lakh shares on June 23, reflecting a 42.93% increase compared to the 5-day average delivery volume. The stock's market capitalization is approximately Rs 2,78,012.69 crore, solidifying its position as a large-cap entity in the market. Overall, the notable rise in open interest highlights increased trading activity, while the stock's performance metrics provide a comprehensive view of its current standing in the market.