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

Mar 24 2025 03:00 PM IST
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NCC Ltd has seen a notable rise in open interest, reaching 27,531 contracts, alongside a trading volume of 47,865 contracts, indicating increased market activity. The stock has gained over the past week, although delivery volume has decreased. It is currently trading above its short-term moving averages.
NCC Ltd, a prominent player in the Capital Goods sector, has experienced a significant increase in open interest (OI) today, reflecting heightened trading activity. The latest OI stands at 27,531 contracts, marking an increase of 5,814 contracts or 26.77% from the previous OI of 21,717. This surge in OI coincides with a trading volume of 47,865 contracts, indicating robust market engagement.

In terms of price performance, NCC opened with a gain of 2.32% today and reached an intraday high of Rs 214, reflecting a 3.87% increase. The stock has shown a consistent upward trend, gaining 13.44% over the past five days. However, it is noteworthy that the delivery volume has decreased by 18.12% compared to the five-day average, with a total delivery volume of 28.63 lakh shares recorded on March 21.

Despite these fluctuations, NCC's weighted average price suggests that more volume was traded closer to the lower price range. The stock is currently trading above its 5-day and 20-day moving averages, yet remains below its longer-term moving averages. Overall, the notable rise in open interest highlights a dynamic trading environment for NCC Ltd, reflecting the stock's current market position.
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