Macrotech Developers Sees Surge in Open Interest Amidst Market Activity Shift

Apr 23 2025 02:00 PM IST
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Macrotech Developers Ltd has seen a notable rise in open interest, reaching 24,262 contracts, alongside a trading volume of 22,890 contracts. The stock has outperformed its sector and is trading above multiple moving averages, although delivery volume has significantly decreased, indicating a shift in market dynamics.
Macrotech Developers Ltd (symbol: LODHA), 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 24,262 contracts, reflecting a rise of 2,616 contracts or 12.09% from the previous open interest of 21,646. The trading volume for the day reached 22,890 contracts, indicating robust activity in the market.

In terms of performance, Macrotech Developers has outperformed its sector by 2.78%, with the stock gaining 9.68% over the past three days. Today, it reached an intraday high of Rs 1,362.7, marking a 3.75% 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.

However, it is noteworthy that delivery volume has decreased significantly, with a reported 3.3 lakh shares delivered on April 22, down 60.1% compared to the 5-day average. Despite this decline in investor participation, the stock remains liquid enough for trades of approximately Rs 3.43 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Macrotech Developers.
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