Mazagon Dock Sees Surge in Open Interest Amid Increased Market Activity

Mazagon Dock Shipbuilders Ltd (symbol: MAZDOCK) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 40,834 contracts, up from the previous open interest of 37,005 contracts, marking a change of 3,829 contracts or a 10.35% increase. The trading volume for the day reached 73,268 contracts, indicating robust participation in the market.
In terms of price performance, Mazagon Dock's stock has shown a slight uptick, with a 1D return of 0.47%, outperforming the sector's return of 0.28% and the Sensex's return of 0.29%. The stock touched an intraday high of Rs 2,841.4, reflecting a gain of 2.47%. Notably, the stock is currently trading above its 5-day, 20-day, and 200-day moving averages, although it remains below the 50-day and 100-day moving averages.

The market capitalization of Mazagon Dock stands at Rs 1,11,724 crore, classifying it as a large-cap company in the Aerospace & Defense industry. The liquidity remains favorable, with a delivery volume of 2.63 lakh shares on August 20, which has increased by 4.76% compared to the 5-day average delivery volume. Overall, the notable rise in open interest and trading activity underscores a dynamic trading environment for Mazagon Dock Shipbuilders.