Dalmia Bharat Ltd Sees 10.79% Surge in Open Interest to 15,695 Contracts

Dalmia Bharat Ltd, a mid-cap player in the Cement & Cement Products industry, has experienced a notable increase in open interest today. The latest open interest stands at 15,695 contracts, reflecting a rise of 1,529 contracts or 10.79% from the previous open interest of 14,166. The trading volume for the day reached 7,514 contracts, indicating active participation in the market.
Despite this uptick in open interest, Dalmia Bharat's stock has underperformed its sector, showing a decline of 1.53% today. Over the past two days, the stock has faced consecutive losses, with a total return of -1.49%. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Investor participation appears to be waning, as evidenced by a significant drop in delivery volume, which fell by 59.83% compared to the 5-day average. The stock's liquidity remains adequate, with a trading capacity of Rs 0.65 crore based on 2% of the 5-day average traded value.

In summary, while Dalmia Bharat Ltd has seen a rise in open interest, the stock's overall performance and investor engagement indicate a challenging market environment.