One 97 Communications Sees Surge in Open Interest Amid Increased Derivatives Activity

One 97 Communications Ltd, trading under the symbol PAYTM, has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 69,833 contracts, up from the previous figure of 61,046, marking a change of 8,787 contracts or a 14.39% increase. The trading volume for the day reached 86,164 contracts, indicating robust participation.
In terms of price performance, PAYTM has outperformed its sector by 1.71%, with a notable 2.77% return on the day. The stock has been on a positive trajectory, gaining 5.66% over the last two days. It reached an intraday high of Rs 780.9, reflecting a 3.97% increase. The weighted average price suggests that more volume was traded closer to the lower price range, while the stock remains above its 5-day, 20-day, 50-day, and 200-day moving averages, although it is below the 100-day moving average.

With a market capitalization of Rs 47,643 crore, One 97 Communications continues to demonstrate liquidity, with a delivery volume of 14.38 lakh shares, which is 18.04% higher than the 5-day average. This activity underscores the stock's current market dynamics without indicating future trends.