Surge in Open Interest Signals Shift in Market Dynamics for ICICI Prudential Life
ICICI Prudential Life Insurance Company Ltd has seen a significant rise in open interest, indicating increased trading activity, with current figures reaching 31,513 contracts. Despite this, the stock has underperformed, experiencing consecutive losses and a notable decline today, while maintaining strong liquidity in trading.
ICICI Prudential Life Insurance Company Ltd (ICICIPRULI) has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 31,513 contracts, up from the previous figure of 28,276, marking a change of 3,237 contracts or an 11.45% increase. The trading volume for the day reached 36,622 contracts, contributing to a futures value of approximately Rs 35,051.55 lakhs.Despite this surge in open interest, the stock has underperformed relative to its sector, declining by 1.88% today, while the sector itself saw a modest drop of 0.24%. Over the past two days, ICICI Prudential has faced consecutive losses, with a total decline of 2.28%. The stock touched an intraday low of Rs 642.4, reflecting a decrease of 4.06% from its previous close.
In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 8.48 lakh shares on July 15, which is 31.54% higher than the five-day average. Overall, the increase in open interest amidst recent price declines highlights a significant shift in market dynamics for ICICI Prudential Life Insurance Company.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
