Mazagon Dock Shipbuilders Sees Surge in Open Interest Amid Mixed Performance Indicators

Jun 06 2025 02:00 PM IST
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Mazagon Dock Shipbuilders Ltd has seen a notable rise in open interest, reaching 29,511 contracts, alongside a trading volume of 25,916 contracts. Despite this activity, the stock has underperformed its sector and experienced a decline in investor participation, with delivery volume down significantly compared to recent averages.
Mazagon Dock Shipbuilders Ltd (symbol: MAZDOCK) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 29,511 contracts, up from the previous open interest of 25,941 contracts, marking a change of 3,570 contracts or a percentage increase of 13.76%. The trading volume for the day reached 25,916 contracts, contributing to a futures value of approximately Rs 30,403.84 lakhs.

In terms of price performance, Mazagon Dock has underperformed its sector by 3.34%, with a stock return of -0.85% for the day. The weighted average price indicates that more volume was traded closer to the low price, while the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. The shipbuilding sector overall has gained by 2.4%, contrasting with Mazagon Dock's performance.

Additionally, there has been a decline in investor participation, with delivery volume dropping by 34.39% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trades sized at Rs 38.38 crore, given that it represents 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Mazagon Dock Shipbuilders, amidst varied performance indicators.
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