Dalmia Bharat Ltd Sees 33.64% Surge in Open Interest to 14,344 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 14,344 contracts, marking a notable rise of 3,611 contracts or 33.64% from the previous open interest of 10,733. This surge in open interest coincides with a trading volume of 33,710 contracts, indicating heightened activity in the stock.
In terms of price performance, Dalmia Bharat has outperformed its sector by 3.54%, with the stock gaining 3.43% over the last three days. Today, it reached an intraday high of Rs 2,319.90, reflecting 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, 20-day, 100-day, and 200-day moving averages, although it is below the 50-day moving average.

Additionally, the delivery volume on October 16 was recorded at 164,000 shares, a 33.06% increase compared to the 5-day average. With a market capitalization of Rs 41,863 crore, Dalmia Bharat continues to demonstrate liquidity suitable for trades around Rs 0.86 crore. Overall, the notable rise in open interest and positive price movements highlight the stock's current market dynamics.