Dalmia Bharat Sees Surge in Open Interest Amid Increased Trading Activity

Dalmia Bharat Ltd, a prominent player in the cement industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 11,634 contracts, marking a rise of 1,896 contracts or 19.47% from the previous open interest of 9,738. The trading volume for the day reached 9,255 contracts, contributing to a total futures value of approximately Rs 10,946.17 lakhs.
In terms of price performance, Dalmia Bharat has outperformed its sector by 0.33%, with the stock gaining 4.16% over the past four days. Today, it reached an intraday high of Rs 1,859.60, reflecting a 2.54% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Additionally, the delivery volume on March 27 was recorded at 162,000 shares, which is a 7.16% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 34,302 crore, Dalmia Bharat remains a liquid stock, suitable for trades around Rs 1.14 crore. Overall, the notable rise in open interest and positive price movements underscore the stock's active trading environment.