Oberoi Realty Sees Surge in Open Interest Amid Broader Market Challenges

Oberoi Realty Ltd., a prominent player in the Construction - Real Estate sector, has experienced a significant increase in open interest today. The latest open interest stands at 14,564 contracts, reflecting a rise of 1,730 contracts or 13.48% from the previous open interest of 12,834. This uptick comes amid a trading volume of 11,393 contracts, contributing to a total futures value of approximately Rs 14,124.49 lakhs.
Despite this notable activity in open interest, Oberoi Realty's stock has underperformed the sector, declining by 4.61% today, compared to a sector drop of 2.54%. The stock reached an intraday low of Rs 1,560.05, marking a decrease of 4.72% during the trading session. The weighted average price indicates that more volume was traded closer to this low price point.

Additionally, the stock has been on a downward trend, having fallen for two consecutive days, resulting in a total decline of 4.51% over this period. The delivery volume has also decreased, falling by 18.27% against the five-day average. Overall, while the increase in open interest is noteworthy, it occurs in the context of broader market challenges for Oberoi Realty.