Oberoi Realty Sees Significant Open Interest Surge Amidst Market Challenges

Oberoi Realty Ltd., a prominent player in the construction and real estate sector, has experienced a notable increase in open interest today. The latest open interest stands at 14,294 contracts, reflecting a rise of 1,460 contracts or 11.38% from the previous open interest of 12,834. The trading volume for the day reached 8,098 contracts, contributing to a total futures value of approximately Rs 10,635 lakhs.
Despite this uptick in open interest, Oberoi Realty's stock performance has underperformed relative to its sector, showing a decline of 2.47% today. The stock has faced consecutive losses over the past two days, with a total drop of 4.21%. During the trading session, the stock hit an intraday low of Rs 1,570.85, marking a decrease of 4.06% from the previous close.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 321,000 shares, although this represents an 18.27% decline compared to the five-day average. Overall, the increase in open interest amid a challenging trading environment highlights the dynamic nature of Oberoi Realty's market activity.