Mahindra & Mahindra Sees Significant Open Interest Surge Amid Strong Market Activity

Apr 23 2025 03:00 PM IST
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Mahindra & Mahindra Ltd has seen a notable rise in open interest, reaching 194,271 contracts, alongside a trading volume of 190,434 contracts. The stock has outperformed its sector, gaining for four consecutive days and trading above key moving averages, reflecting strong market activity and liquidity.
Mahindra & Mahindra Ltd (M&M), a prominent player in the Automobiles - Passenger Cars sector, has experienced a significant increase in open interest today. The latest open interest stands at 194,271 contracts, reflecting a rise of 25,060 contracts or 14.81% from the previous open interest of 169,211. The trading volume for the day reached 190,434 contracts, indicating robust activity in the market.

In terms of price performance, M&M has outperformed its sector by 0.71%, with the stock gaining for four consecutive days and achieving a total return of 10.38% during this period. The stock touched an intraday high of Rs 2,909, marking a 3.26% increase. M&M is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a strong upward trend.

The overall market capitalization of Mahindra & Mahindra is approximately Rs 3,58,615 crore, categorizing it as a large-cap stock. The automobile sector has also seen a gain of 2.49% today. With a delivery volume of 22.19 lakh shares, which is up 14.98% compared to the 5-day average, M&M demonstrates sufficient liquidity for trading activities. Overall, the notable increase in open interest and positive price movements highlight the stock's current market dynamics.
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