One 97 Communications Ltd Gains 1.70%: 5 Key Factors Driving the Week’s Momentum

17 August 2026: Week Opens with Price Decline Amid Broader Market Weakness

One 97 Communications Ltd started the week at Rs.1,583.00, down 1.31% from the previous close, while the Sensex dipped 0.15%. The stock faced early selling pressure, reflecting cautious sentiment amid a broadly negative market. Volume was moderate at 190,060 shares, indicating some investor hesitation. The decline aligned with sectoral weakness in financial technology, setting a subdued tone for the week’s opening session.

18 August 2026: Heavy Derivatives Activity Amid Price Softness and Institutional Interest

The stock declined further by 2.28% to Rs.1,546.90, underperforming the Sensex which fell 0.43%. Despite the price drop, One 97 Communications Ltd emerged as one of the most actively traded stocks by value, with a turnover exceeding ₹251 crore and volume of 15,98,294 shares. This high liquidity underscored sustained institutional interest despite short-term selling pressure.

Notably, the derivatives market saw intense activity with heavy call and put option volumes concentrated around the 1600 strike price expiring on 25 August 2026. Over 15,700 put contracts and 15,062 call contracts were traded, signalling mixed but active positioning by traders. The surge in open interest by 12.7% further highlighted increased market participation and directional bets amid a three-day losing streak for the stock.

Technically, the stock remained above its key moving averages but traded below its 5-day average, indicating short-term weakness amid a longer-term uptrend. Delivery volumes fell sharply by 71.16%, suggesting reduced conviction among long-term holders and a tilt towards speculative trading.

19 August 2026: Rebound with Robust Trading and Call Option Surge

After three consecutive days of decline, the stock rebounded strongly, gaining 2.48% to close at Rs.1,585.20. This outperformance was notable against the Financial Technology sector’s 0.52% decline and the Sensex’s 0.47% fall. The stock recorded a high traded value of ₹355.29 crore on volume of 22,46,831 shares, reflecting renewed investor interest and institutional participation.

Call option activity surged with 15,062 contracts traded at the 1600 strike price, generating a turnover of ₹23.39 crore. Open interest expanded by 12.7%, signalling fresh bullish bets. Despite the strong price action, delivery volumes remained subdued, down 40.59%, indicating that short-term traders and options players were driving the rally rather than long-term holders.

Technically, the stock remained above all key moving averages except the 5-day average, which it approached but did not decisively breach. The price closed just 3.44% below its 52-week high, suggesting proximity to a critical resistance level.

20 August 2026: Mojo Grade Upgrade Spurs Further Gains and Institutional Buying

One 97 Communications Ltd continued its upward momentum, rising 1.25% to Rs.1,605.00. The MarketsMOJO Mojo Grade upgrade from Hold to Buy on 5 August 2026 was a key catalyst, reflecting improved fundamentals and growth prospects. The stock outperformed its sector and the Sensex, which gained 0.63% and 0.54% respectively.

Delivery volumes surged by 76.79% to 22.25 lakh shares, signalling strong conviction among long-term investors. The stock traded above all major moving averages, including the 5-day average, confirming a robust technical setup. Liquidity remained ample, supporting large institutional trades without significant price impact.

21 August 2026: Strong Close Near 52-Week High with Rising Open Interest

The week concluded with One 97 Communications Ltd closing at Rs.1,631.30, up 1.64% on the day and 5.7% over the past three sessions. The stock traded within a narrow range, just 1.42% below its 52-week high of Rs.1,657.60, signalling strong price resilience. It outperformed the Financial Technology sector and the Sensex, which gained 0.51% and 0.02% respectively.

Open interest surged by 11.14% to 90,066 contracts, accompanied by robust volume of 1,20,638 contracts in derivatives, reflecting heightened bullish positioning. Delivery volumes increased by 81.96% to 26.37 lakh shares, indicating growing investor conviction. The stock traded above all key moving averages, confirming a sustained bullish trend.

Despite the narrow intraday range suggesting some consolidation, the combination of strong volume, rising open interest, and recent Mojo Grade upgrade supports a positive near-term outlook for the stock.

Weekly Price Performance Comparison

Conclusion

One 97 Communications Ltd demonstrated a resilient performance during the week of 17 to 21 August 2026, overcoming early weakness to close with a 1.70% gain. The stock’s ability to outperform the Sensex amid mixed market conditions was supported by strong derivatives market activity, a recent Mojo Grade upgrade to Buy, and rising institutional participation. The surge in both call and put option volumes near key strike prices reflects active positioning ahead of the 25 August expiry, highlighting the stock’s prominence among traders.

Technical indicators remain favourable, with the stock trading above all major moving averages and close to its 52-week high. The significant increase in delivery volumes towards the end of the week signals growing conviction among long-term investors, complementing the bullish momentum seen in the derivatives market. While some short-term consolidation is evident, the overall outlook remains constructive.

Investors should continue to monitor open interest trends, delivery volumes, and price action near resistance levels to assess the sustainability of the current rally. The combination of strong liquidity, positive fundamental upgrades, and active market participation positions One 97 Communications Ltd as a key fintech stock to watch in the near term.

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