Surge in Open Interest for One 97 Communications Signals Shift in Market Dynamics

Apr 23 2025 03:01 PM IST
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One 97 Communications Ltd, trading as PAYTM, has seen a significant rise in open interest in the derivatives market, reaching 43,807 contracts. Despite this increase, the stock has underperformed compared to its sector and experienced a decline today, with reduced investor participation noted in delivery volumes.
One 97 Communications Ltd, trading under the symbol PAYTM, has experienced a notable increase in open interest (OI) today, reflecting heightened activity in the derivatives market. The latest OI stands at 43,807 contracts, marking a significant rise of 5,309 contracts or 13.79% from the previous OI of 38,498. The trading volume for the day reached 38,078 contracts, contributing to a total futures value of approximately Rs 117,073.14 lakhs.

Despite this surge in open interest, the stock has underperformed relative to its sector, showing a decline of 0.52% today, while the broader sector gained 0.35%. One 97 Communications has seen a trend reversal, falling after two consecutive days of gains. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend.

However, investor participation appears to be waning, with delivery volume dropping by 42.98% compared to the 5-day average. The stock remains liquid enough for trades sized at Rs 7.66 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for One 97 Communications, amidst mixed performance indicators.
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