FSN E-Commerce Ventures Sees 14.9% Surge in Open Interest to 25,555 Contracts

FSN E-Commerce Ventures Ltd, trading under the symbol NYKAA, has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 25,555 contracts, up from the previous 22,242, marking a change of 3,313 contracts or a 14.9% increase. The trading volume for the day reached 26,543 contracts, indicating robust participation in the market.
In terms of price performance, NYKAA hit a new 52-week high of Rs 254.78, representing a 6.24% increase for the day. The stock has outperformed its sector by 4.71%, showcasing its strength relative to peers. Additionally, FSN E-Commerce is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

Despite this upward momentum, there has been a noted decline in investor participation, with delivery volume dropping by 21.69% compared to the 5-day average. The stock remains liquid, with a trading capacity of Rs 1.67 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and the stock's performance metrics highlight a dynamic trading environment for FSN E-Commerce Ventures.