Escorts Kubota Sees Surge in Open Interest Amidst Market Volatility

Escorts Kubota Ltd, a prominent player in the Auto - Tractor industry, has experienced a significant increase in open interest today. The latest open interest stands at 15,086 contracts, reflecting a rise of 1,743 contracts or 13.06% from the previous open interest of 13,343. The trading volume for the day reached 12,422 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Escorts Kubota has shown a slight decline of 0.28% today, aligning closely with the sector's performance, which has fallen by 2.52%. The stock touched an intraday low of Rs 3,102, marking a decrease of 3.18%. Notably, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

Despite a recent consecutive gain, the stock has recorded a return of -2.41% over the last day. Additionally, delivery volume has decreased significantly, falling by 47.74% against the 5-day average. With a market capitalization of Rs 35,744.94 crore, Escorts Kubota remains a key player in its sector, navigating through current market dynamics.