Lodha Developers Sees Surge in Open Interest Amidst Declining Price Trend

Lodha Developers Ltd, a prominent player in the realty sector, has experienced a significant increase in open interest today, reflecting notable trading activity. The latest open interest stands at 26,500 contracts, a substantial rise from the previous open interest of 17,830 contracts, marking a change of 8,670 contracts or an increase of 48.63%. The trading volume for the day reached 55,233 contracts, indicating robust market engagement.
In terms of price performance, Lodha Developers has underperformed its sector by 5.46%, with the stock experiencing a consecutive decline over the past two days, resulting in a total drop of 7.47%. Today, the stock opened with a loss of 2.93% and touched an intraday low of Rs 1,332.2, reflecting a decrease of 7.63% from the previous close. The weighted average price suggests that more volume was traded closer to this low price.

Despite these challenges, the stock remains liquid enough for trades up to Rs 1.9 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest amidst a declining price trend highlights a complex market scenario for Lodha Developers.