Dalmia Bharat Sees Surge in Open Interest Amid Increased Market Activity
Dalmia Bharat Ltd has seen a notable rise in open interest, reaching 16,270 contracts, alongside a trading volume of 30,734 contracts, indicating increased market activity. The stock also achieved a new 52-week high, demonstrating strong upward momentum and robust liquidity, with significant delivery volume on September 16.
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 16,270 contracts, reflecting a notable rise of 3,477 contracts or 27.18% from the previous open interest of 12,793. This surge in open interest coincides with a trading volume of 30,734 contracts, indicating heightened activity in the derivatives market.In terms of price performance, Dalmia Bharat reached a new 52-week high of Rs 2,496.3 today, marking a 2.82% increase during intraday trading. The stock has shown consistent upward momentum, gaining 3.37% over the past five days and outperforming its sector by 1.41%. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.
The stock's liquidity remains robust, with a delivery volume of 5.4 lakh shares on September 16, reflecting a 194.67% increase compared to the 5-day average. Overall, Dalmia Bharat's performance today highlights a significant uptick in market activity and investor engagement.
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