NCC Ltd Sees Surge in Open Interest Amidst Declining Stock Performance

May 30 2025 12:00 PM IST
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NCC Ltd has seen a notable rise in open interest, reaching 10,070 contracts, alongside a trading volume of 3,751 contracts. However, the company's stock has underperformed its sector, experiencing consecutive losses and a decline in delivery volume, indicating challenges in sustaining positive market momentum.
NCC Ltd, a mid-cap player in the construction industry, has experienced a significant increase in open interest (OI) today, reflecting notable trading activity. The latest OI stands at 10,070 contracts, marking a rise of 979 contracts or 10.77% from the previous OI of 9,091. The trading volume for the day reached 3,751 contracts, indicating robust engagement in the market.

Despite this uptick in OI, NCC Ltd's stock performance has underperformed its sector, declining by 1.79% today compared to a sector return of -0.37%. The stock has faced consecutive losses over the past two days, with a total drop of 2.16%. During today's trading session, the stock hit an intraday low of Rs 231.05, down 2.27% from the previous close.

In terms of moving averages, the stock is currently above its 20-day, 50-day, and 100-day averages but below its 5-day and 200-day averages. Additionally, delivery volume has decreased by 19.25% against the 5-day average, suggesting a decline in investor participation. Overall, while NCC Ltd shows increased open interest, its recent performance metrics indicate challenges in maintaining upward momentum.
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