GMR Airports Ltd Sees 24.99% Surge in Open Interest Amid Strong Trading Activity

GMR Airports Ltd, a mid-cap player in the transport infrastructure sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 72,021 contracts, up from the previous 57,623, marking a change of 14,398 contracts or a 24.99% increase. This surge coincided with a trading volume of 150,512 contracts, indicating robust market engagement. In terms of price performance, GMR Airports reached a new 52-week high of Rs 104.39 today, representing a 6.87% increase during the trading session. The stock has shown consistent upward momentum, gaining 9.06% over the past three days and outperforming its sector by 6.67%. Notably, GMR Airports is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend. Despite this positive performance, there has been a decline in delivery volume, which fell by 6.56% compared to the 5-day average. Overall, GMR Airports Ltd's recent trading activity highlights a notable spurt in open interest, reflecting a dynamic market presence amid fluctuating investor participation.