Mazagon Dock Shipbuilders Sees Surge in Open Interest Amid Market Activity

Jun 03 2025 03:00 PM IST
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Mazagon Dock Shipbuilders Ltd has seen a notable rise in open interest, reaching 18,981 contracts, alongside a trading volume of 35,196 contracts. Despite a recent price increase, the stock has underperformed its sector. The shipbuilding sector overall has shown positive gains, contrasting with Mazagon Dock's performance.
Mazagon Dock Shipbuilders Ltd (symbol: MAZDOCK) has experienced a significant increase in open interest (OI) today, reflecting notable activity in the stock. The latest OI stands at 18,981 contracts, up from the previous OI of 16,450, marking a change of 2,531 contracts or a 15.39% increase. The trading volume for the day reached 35,196 contracts, indicating robust engagement in the market.

In terms of price performance, Mazagon Dock has underperformed its sector by 3.2%, despite a recent trend reversal, as the stock gained after two consecutive days of decline. The stock touched an intraday high of Rs 3,478.3, reflecting a 2.77% increase during the trading session. While the stock is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, it remains below its 5-day moving average.

The shipbuilding sector has shown a gain of 5.6%, contrasting with Mazagon Dock's performance. Additionally, the stock's liquidity remains adequate for trading, with a delivery volume of 12.24 lakh shares, although this represents a decline of 15.26% compared to the 5-day average. Overall, the increase in open interest highlights a shift in market dynamics for Mazagon Dock Shipbuilders, amidst varying performance indicators.
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