Dalmia Bharat Ltd Sees 26.88% Surge in Open Interest to 13,618 Contracts

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 13,618 contracts, reflecting a notable rise of 2,885 contracts or 26.88% from the previous open interest of 10,733. This surge coincides with a trading volume of 44,014 contracts, indicating heightened activity in the stock.
In terms of price performance, Dalmia Bharat has outperformed its sector by 2.39%, marking a consecutive gain over the last three days with a total return of 2.44% during this period. The stock reached an intraday high of Rs 2,319.90, representing a 4.29% increase. The weighted average price suggests that more volume was traded closer to the low price, while the stock remains above its 5-day, 100-day, and 200-day moving averages, though it is below the 20-day and 50-day moving averages.

Additionally, the delivery volume on October 16 was recorded at 1.64 lakh shares, which is a 33.06% increase compared to the 5-day average delivery volume, indicating rising investor participation. With a market capitalization of Rs 42,318.45 crore, Dalmia Bharat continues to demonstrate robust liquidity, suitable for trades around Rs 0.86 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and trading activity highlights the stock's current market dynamics.