GMR Airports Ltd Sees 11.51% Surge in Open Interest to 59,191 Contracts

GMR Airports Ltd, a key player in the transport infrastructure sector, has experienced a notable increase in open interest today. The latest open interest stands at 59,191 contracts, reflecting a rise of 6,109 contracts or 11.51% from the previous open interest of 53,082. This uptick in open interest coincides with a trading volume of 20,846 contracts, indicating active market participation.
In terms of price performance, GMR Airports is currently trading at Rs 92, which is 4.84% away from its 52-week high of Rs 97. The stock's performance today aligns closely with its sector, showing a 1D return of 0.30%, while the sector itself posted a 1D return of 0.40%. Notably, GMR Airports is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.

However, there has been a decline in investor participation, with delivery volume on October 27 falling by 21.39% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 2.63 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for GMR Airports Ltd.