Avenue Supermarts Sees 15.22% Surge in Open Interest, Totaling 88,433 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 88,433 contracts, marking a rise of 11,681 contracts or 15.22% from the previous open interest of 76,752. This uptick in open interest comes alongside a trading volume of 59,144 contracts, indicating active participation in the futures market.
In terms of financial metrics, Avenue Supermarts has a market capitalization of approximately Rs 2,74,257.96 crore, categorizing it as a large-cap stock. The underlying value is reported at Rs 4,208. Despite the notable increase in open interest, the stock has faced challenges, having declined by 2.44% over the past five days, with a one-day return of -1.25%.

The stock's performance today aligns closely with the sector, which saw a 1.23% decline. Additionally, the stock remains above its 200-day moving average but below its shorter-term moving averages, reflecting mixed momentum. Overall, the increase in open interest highlights a shift in market dynamics for Avenue Supermarts, warranting attention from market participants.