Surge in Open Interest Signals Increased Activity in PAYTM's Derivatives Market

One 97 Communications Ltd, trading under the symbol PAYTM, has experienced a significant increase in open interest today, reflecting notable activity in the derivatives market. The latest open interest stands at 57,890 contracts, up from the previous 45,329, marking a change of 12,561 contracts or a 27.71% increase. The trading volume for the day reached 86,004 contracts, indicating robust participation in the stock's derivatives.
In terms of price performance, PAYTM opened lower today, with a gap down of 2.78%, and touched an intraday low of Rs 830.55, representing a decline of 4.1%. The stock has underperformed its sector by 2.01% and has shown a 1D return of -2.03%. Despite this, it remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is below the 20-day moving average.

The market capitalization of One 97 Communications is approximately Rs 54,121.19 crore, categorizing it as a large-cap company in the Finance/NBFC sector. The liquidity remains adequate for trading, with a delivery volume of 11.01 lakh shares, although this figure has decreased by 45.16% compared to the 5-day average. Overall, the increase in open interest highlights a shift in market dynamics for PAYTM, amidst a backdrop of fluctuating price performance.