NCC Ltd Sees Significant Rise in Open Interest Amid Increased Trading Activity

NCC Ltd, a mid-cap player in the capital goods industry, has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 17,732 contracts, up from the previous 16,028, marking a change of 1,704 contracts or a 10.63% increase. The trading volume for the day reached 12,690 contracts, contributing to a futures value of approximately Rs 15,521.53 lakhs and an options value of around Rs 3,720.02 crores, bringing the total value to Rs 16,741.13 lakhs.
In terms of price performance, NCC Ltd has outperformed its sector by 1.31%, with the stock gaining 4.5% over the last two days. Today, it reached an intraday high of Rs 230.9, reflecting a 2.12% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, the delivery volume has surged to 21.87 lakh shares, an increase of 80.04% compared to the 5-day average, indicating robust liquidity for trades around Rs 0.94 crore.

Overall, the significant rise in open interest and trading volume underscores the active market engagement surrounding NCC Ltd, highlighting its current position within the capital goods sector.