Dalmia Bharat Ltd Sees 19.8% Surge in Open Interest Amid Increased Trading Activity

Dalmia Bharat Ltd, a prominent player in the Cement & Cement Products industry, has experienced a significant increase in open interest today. The latest open interest stands at 16,433 contracts, reflecting a rise of 2,716 contracts or 19.8% from the previous open interest of 13,717. This surge in open interest comes alongside a trading volume of 21,357 contracts, indicating heightened activity in the stock.
In terms of price performance, Dalmia Bharat has underperformed its sector by 2.77%, with the stock falling after three consecutive days of gains. The stock reached an intraday low of Rs 2,166.8, marking a decline of 3.49%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 200-day moving average, it is currently below the 5-day, 20-day, 50-day, and 100-day moving averages.

Additionally, delivery volume on October 17 saw a notable increase of 148.05% compared to the 5-day average, indicating rising investor participation. The liquidity of the stock remains robust, with a trade size of Rs 1.73 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Dalmia Bharat Ltd.