GMR Airports Sees Significant Open Interest Surge Amid Increased Market Activity

GMR Airports Ltd, a mid-cap player in the transport infrastructure sector, has experienced a notable increase in open interest today. The latest open interest stands at 47,333 contracts, reflecting a rise of 5,072 contracts or 12.0% from the previous open interest of 42,261. This surge in open interest is accompanied by a trading volume of 16,156 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, GMR Airports has underperformed its sector, with a 1-day return of -0.20%, compared to a sector return of 0.23% and a Sensex return of 0.43%. The stock is currently trading at an underlying value of Rs 89. Notably, it is positioned higher than its 50-day, 100-day, and 200-day moving averages, although it remains below its 5-day and 20-day moving averages.

Additionally, the stock has shown rising investor participation, with a delivery volume of 38.38 lakh shares on August 22, marking a 24.47% increase against the 5-day average delivery volume. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 1.22 crore based on 2% of the 5-day average traded value.

In summary, GMR Airports Ltd's significant increase in open interest highlights a shift in market dynamics, while its current price performance reflects broader market trends.