NCC Ltd Sees Surge in Open Interest, Indicating Increased Futures Market Activity

NCC Ltd, a mid-cap player in the construction industry, has witnessed a significant increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 21,586 contracts, up from the previous figure of 19,307, marking a change of 2,279 contracts or an 11.8% increase. This uptick comes alongside a trading volume of 13,209 contracts, reflecting robust market engagement.
In terms of price performance, NCC Ltd outperformed its sector by 0.78%, reaching an intraday high of Rs 236.79, which represents a 2.52% increase for the day. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. Notably, the delivery volume has seen a decline of 20.85% compared to the 5-day average, indicating a decrease in investor participation.

With a market capitalization of Rs 14,820.32 crore, NCC Ltd continues to maintain a liquid trading environment, suitable for transactions around Rs 1.39 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading day for NCC Ltd.