Nuvama Wealth Management Sees 12.67% Surge in Open Interest to 15,922

Nuvama Wealth Management Ltd (NUVAMA) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 15,922, up from the previous figure of 14,131, marking a change of 1,791, or 12.67%. This surge in open interest coincides with a trading volume of 22,789, indicating robust market engagement.
In terms of performance, Nuvama Wealth has outperformed its sector by 0.51%, with a one-day return of 0.34%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement. Additionally, the delivery volume on October 23 reached 45,550, reflecting an increase of 11.32% compared to the 5-day average delivery volume, which points to rising investor participation.

With a market capitalization of Rs 26,092.48 crore, Nuvama Wealth operates within the capital markets industry as a small-cap entity. The liquidity of the stock remains favorable, with a trade size of Rs 1.22 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and positive performance metrics highlight a significant day for Nuvama Wealth Management.