Surge in Open Interest for Macrotech Developers Signals Increased Market Activity

Apr 23 2025 03:01 PM IST
share
Share Via
Macrotech Developers Ltd has seen a notable rise in open interest, reaching 24,478 contracts, alongside a trading volume of 26,159 contracts, indicating heightened activity in the derivatives market. The stock has outperformed its sector and is trading above key moving averages, despite a decline in delivery volume.
Macrotech Developers Ltd, a prominent player in the construction and real estate sector, has experienced a significant increase in open interest today. The latest open interest stands at 24,478 contracts, reflecting a rise of 2,832 contracts or 13.08% from the previous open interest of 21,646. This uptick comes alongside a trading volume of 26,159 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Macrotech Developers has outperformed its sector by 3.11%, with the stock gaining 10.16% over the past three days. Today, it reached an intraday high of Rs 1,366, marking a 4% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

However, it is noteworthy that delivery volume has seen a decline, with a reported 3.3 lakh shares delivered on April 22, down 60.1% compared to the 5-day average. Despite this, the liquidity remains adequate for trades sized at Rs 3.43 crore, based on 2% of the 5-day average traded value. Overall, the surge in open interest for Macrotech Developers highlights a notable shift in market dynamics, reflecting increased trading activity without delving into future implications.
{{stockdata.stock.stock_name.value}} Live

{{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}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
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