GMR Airports Sees Significant Open Interest Surge Amidst Market Activity Shift

GMR Airports Ltd, a prominent player in the Capital Goods sector, has experienced a significant increase in open interest today. The latest open interest stands at 64,977 contracts, reflecting a rise of 7,513 contracts or 13.07% from the previous open interest of 57,464. This uptick comes alongside a trading volume of 27,993 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, GMR Airports has underperformed its sector by 1.52%, with the stock falling 2.30% today. It reached an intraday low of Rs 76.05, marking a decline of 2.4%. The stock's weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 5-day, 20-day, and 50-day moving averages, it is currently below its 100-day and 200-day moving averages.

Additionally, there has been a noted decrease in investor participation, with delivery volume dropping by 12.54% compared to the 5-day average. Despite these fluctuations, GMR Airports maintains a market capitalization of Rs 80,385.48 crore, indicating its large-cap status within the industry. Overall, the increase in open interest highlights a notable shift in trading dynamics for GMR Airports Ltd.