Oberoi Realty Ltd Sees 20.64% Surge in Open Interest Amid Increased Trading Activity

Oberoi Realty Ltd has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 28,097 contracts, up from the previous 23,289, marking a change of 4,808 contracts or a 20.64% increase. This surge coincides with a trading volume of 106,377, indicating robust market engagement.
In terms of price performance, Oberoi Realty has outperformed its sector by 3.03%, with the stock gaining 4.81% on the day. It opened with a notable gain of 4.6% and reached an intraday high of Rs 1,695.7, reflecting a 5.89% increase. The stock has shown consistent performance over the last two days, accumulating a total return of 6.79% during this period.

Oberoi Realty's current market capitalization is approximately Rs 60,380 crore, placing it within the mid-cap category. The stock is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. Additionally, the delivery volume on October 15 reached 2.29 lakh, a 14.21% increase compared to the 5-day average, suggesting improved liquidity for trades around Rs 1.17 crore. Overall, the notable rise in open interest and trading activity underscores a dynamic trading environment for Oberoi Realty.