One 97 Communications Sees Significant Surge in Open Interest Amid Active Trading Session

One 97 Communications Ltd, operating in the Financial Technology (Fintech) sector, has experienced a significant increase in open interest today. The latest open interest stands at 71,270 contracts, reflecting a rise of 7,513 contracts or 11.78% from the previous open interest of 63,757. The trading volume for the day reached 60,517 contracts, indicating robust activity in the derivatives market.
In terms of price performance, One 97 Communications is currently trading at Rs 1,074, which is 4.73% away from its 52-week high of Rs 1,128.5. However, the stock has underperformed its sector by 1.89% today, with a 1D return of -1.51%. The stock touched an intraday low of Rs 1,064.2, marking a decline of 2.74% during the trading session.

Despite the recent dip in price, One 97 Communications is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. Additionally, the stock's liquidity remains adequate, with a trading capacity of Rs 29.8 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest suggests heightened activity in the stock, reflecting current market dynamics.