GMR Airports Ltd Sees 14.29% Surge in Open Interest to 65,855 Contracts

GMR Airports Ltd, a mid-cap player in the transport infrastructure sector, has experienced a significant increase in open interest today. The latest open interest stands at 65,855 contracts, reflecting a rise of 8,232 contracts or 14.29% from the previous open interest of 57,623. This surge comes alongside a trading volume of 103,809 contracts, indicating robust activity in the derivatives market. In terms of price performance, GMR Airports reached a new 52-week high of Rs 102.6, marking a 5.04% increase during the trading session. The stock has outperformed its sector by 5.4% and has shown consistent gains over the past three days, accumulating a total return of 7.41%. Notably, GMR Airports is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 6.56% compared to the 5-day average. The stock remains liquid, with a trade size capacity of Rs 2.89 crore based on 2% of the 5-day average traded value. Overall, GMR Airports Ltd's notable increase in open interest and strong price performance highlights its current market position within the transport infrastructure industry.