Oberoi Realty Sees 15.17% Surge in Open Interest Amid Declining Stock Performance

Oberoi Realty Ltd, a mid-cap player in the realty sector, has experienced a notable increase in open interest today, signaling heightened activity in its derivatives market. The latest open interest stands at 26,783 contracts, reflecting a significant rise of 3,527 contracts or 15.17% from the previous open interest of 23,256. The trading volume for the day reached 20,938 contracts, contributing to a total futures value of approximately Rs 42,939.88 lakhs and an options value of Rs 7,648.09 crores.
In terms of price performance, Oberoi Realty has underperformed its sector by 0.45%, with a 1D return of -1.28%. The stock has been on a downward trend, recording a decline of 4.47% over the past three days. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment in the short to medium term.

Despite these challenges, there has been a notable increase in delivery volume, which rose by 75.85% compared to the 5-day average, suggesting a potential shift in trading dynamics. Overall, the increase in open interest for Oberoi Realty highlights a significant development in its trading activity, amidst a backdrop of recent price declines.