Dalmia Bharat Ltd Sees 23.46% Surge in Open Interest Amid Increased Trading Activity
Dalmia Bharat Ltd has seen a notable rise in open interest, reaching 16,935 contracts, alongside a trading volume of 29,352 contracts. Despite this increase, the stock has underperformed its sector and experienced a decline in price, while delivery volume surged significantly, indicating heightened investor participation.
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 16,935 contracts, marking a rise of 3,218 contracts or 23.46% from the previous open interest of 13,717. The trading volume for the day reached 29,352 contracts, contributing to a total futures value of approximately Rs 42,980.43 lakhs.Despite this notable spurt in open interest, Dalmia Bharat's stock has underperformed its sector by 2.01%, reflecting a 1D return of -2.37%. The stock touched an intraday low of Rs 2,163.80, down 3.62%, and has shown a trend reversal after three consecutive days of gains. The weighted average price indicates that more volume was traded closer to this low price.
Additionally, the stock remains above its 200-day moving averages but is trading lower than its 5-day, 20-day, 50-day, and 100-day moving averages. Notably, delivery volume surged to 3.08 lakh on October 17, representing a 148.05% increase compared to the 5-day average delivery volume, indicating rising investor participation. Overall, Dalmia Bharat's current market dynamics reflect a complex interplay of increased trading activity and recent price performance.
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