Eternal Ltd Sees 13.18% Surge in Open Interest, Reaching 191,730 Contracts

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has experienced a significant increase in open interest today. The latest open interest stands at 191,730 contracts, reflecting a rise of 22,331 contracts or 13.18% from the previous open interest of 169,399. This uptick comes alongside a trading volume of 55,909 contracts, indicating active market engagement.
In terms of financial metrics, Eternal Ltd is currently trading close to its 52-week high, just 2.2% away from Rs 343.9. Despite this, the stock has faced a slight decline of 1.57% over the past two days, with a 1D return of -0.40%. The stock has been trading within a narrow range of Rs 2.55 today, while it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation appears to be waning, as evidenced by a delivery volume of 86.77 lakh shares on September 23, which has decreased by 41.26% compared to the 5-day average. With a market capitalization of Rs 3,25,458 crore, Eternal Ltd continues to maintain a liquid trading environment, suitable for transactions up to Rs 17.33 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading atmosphere for Eternal Ltd amidst fluctuating performance indicators.