Surge in Open Interest for PAYTM Signals Increased Derivatives Market Activity

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 58,331 contracts, up from the previous figure of 45,329, marking a change of 13,002 contracts or an increase of 28.68%. The trading volume for the day reached 71,145 contracts, indicating robust participation in the market.
In terms of price performance, PAYTM opened lower, with a gap down of 2.78%, and touched an intraday low of Rs 830.55, representing a decline of 4.1%. Despite this, the stock remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is currently below the 20-day moving average.

Investor participation appears to be waning, as the delivery volume of 11.01 lakh shares on May 12 has decreased by 45.16% compared to the 5-day average. The stock's liquidity remains adequate for trading, with a market capitalization of Rs 54,354 crore, placing it in the large-cap category.

In summary, the notable rise in open interest for One 97 Communications Ltd highlights increased trading activity, despite recent price challenges and declining investor participation.