Surge in Open Interest Signals Increased Activity for FSN E-Commerce Ventures Ltd.
FSN E-Commerce Ventures Ltd, trading as NYKAA, has seen a significant rise in open interest, indicating increased activity in the derivatives market. The stock is nearing its 52-week high and has outperformed its sector, with strong liquidity and consistent gains over the past three days.
FSN E-Commerce Ventures Ltd, trading under the symbol NYKAA, has experienced a notable increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 34,407 contracts, up from the previous figure of 31,082, marking a change of 3,325 contracts or a 10.7% increase. The trading volume for the day reached 11,762 contracts, contributing to a futures value of approximately Rs 55,646 lakhs.In terms of price performance, NYKAA is currently positioned just 0.83% away from its 52-week high of Rs 234.28. The stock has outperformed its sector by 0.56% today and has shown consistent gains over the past three days, accumulating a total return of 3.29% during this period. Additionally, NYKAA is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
The stock's liquidity remains robust, with a delivery volume of 1.26 crore on August 26, reflecting a significant increase of 320.02% compared to the 5-day average. Overall, the increase in open interest and positive price performance underscores a dynamic trading environment for FSN E-Commerce Ventures Ltd.
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