Container Corporation of India Ltd Sees 10.81% Surge in Open Interest to 40,134 Contracts

Container Corporation of India Ltd (CONCOR) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 40,134 contracts, up from the previous open interest of 36,219, marking a change of 3,915 contracts or a percentage increase of 10.81%. The trading volume for the day reached 26,672 contracts, contributing to a futures value of approximately Rs 96,143.27 lakhs.
Despite this surge in open interest, the stock has underperformed its sector, showing a decline of 0.72% compared to a sector decline of 0.39%. Over the past two days, CONCOR has seen a consecutive fall, with a total return of -1.43%. The stock's performance relative to moving averages indicates it is currently above the 5-day, 20-day, and 50-day averages but below the 100-day and 200-day averages.

Investor participation appears to be waning, with a delivery volume of 6.38 lakh shares on October 30, down 15.77% from the 5-day average. The stock remains liquid, with a trade size capacity of Rs 1.62 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Container Corporation of India Ltd.