Lodha Developers Sees 13.84% Surge in Open Interest, Reaching 42,246 Contracts

Lodha Developers Ltd, a prominent player in the realty sector, has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 42,246 contracts, up from the previous figure of 37,111, marking a change of 5,135 contracts or a 13.84% increase. This surge coincides with a trading volume of 28,433 contracts, indicating robust market engagement.
In terms of financial metrics, the stock's performance today has underperformed its sector by 0.57%, despite a slight recovery after five consecutive days of decline. The stock has traded within a narrow range of Rs 11.1, and its current underlying value is reported at Rs 1,182. Notably, while the stock is above its 20-day moving averages, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages.

Additionally, delivery volume has seen a decline of 22.73% compared to the five-day average, with a total delivery volume of 5.43 lakh shares recorded on October 24. The liquidity remains adequate for trades up to Rs 2.04 crore, based on 2% of the five-day average traded value. Overall, the notable increase in open interest for Lodha Developers highlights a shift in market dynamics, warranting attention from market participants.