Sammaan Capital Ltd Sees 11.23% Surge in Open Interest to 31,083 Contracts

Sammaan Capital Ltd, a small-cap player in the housing finance sector, has experienced a notable increase in open interest today. The latest open interest stands at 31,083 contracts, reflecting a rise of 3,137 contracts or 11.23% from the previous open interest of 27,946. This uptick in open interest comes alongside a trading volume of 16,575 contracts, indicating active participation in the market.
Despite this increase in open interest, the stock has underperformed its sector, showing a decline of 4.46% today, compared to a sector return of -0.77%. Over the past two days, Sammaan Capital has faced consecutive losses, accumulating a total decline of 7.1%. The stock reached an intraday low of Rs 157.17, down 4.76% from the previous close.

In terms of moving averages, Sammaan Capital is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend. The stock's liquidity remains robust, with a delivery volume of 3.07 crore on October 3, reflecting an 18.37% increase against the 5-day average delivery volume.

In summary, while Sammaan Capital has seen a significant rise in open interest, it continues to face challenges in its short-term performance.