FSN E-Commerce Ventures Sees Surge in Open Interest Amid Increased Trading Activity
FSN E-Commerce Ventures Ltd, trading as NYKAA, has seen a notable rise in open interest, reaching 22,653 contracts today. The trading volume hit 18,401 contracts, with significant futures and options values. Despite a decline in delivery volume, the stock remains active, indicating a dynamic trading environment.
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 22,653 contracts, up from the previous 19,095, marking a change of 3,558 contracts or an 18.63% increase. The trading volume for the day reached 18,401 contracts, contributing to a total futures value of approximately Rs 64,070.49 lakhs and an options value of Rs 4,055.38 crores.In terms of price performance, FSN E-Commerce Ventures has outperformed its sector by 1.57%, with the stock hitting an intraday high of Rs 194.5, representing a 3.49% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory.
However, it is noteworthy that delivery volume has seen a decline, with a reported 24.53 lakh shares delivered on April 22, down 49.98% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of approximately Rs 2.93 crores based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights a dynamic trading environment for FSN E-Commerce Ventures.
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