Sammaan Capital Ltd Sees 20% Surge in Open Interest Amidst Price Volatility

Sammaan Capital Ltd, a small-cap player in the housing finance sector, has experienced a significant increase in open interest today. The latest open interest stands at 33,538, marking a rise of 5,592 from the previous open interest of 27,946, which translates to a percentage change of 20.01%. The trading volume for the day reached 31,581, contributing to a futures value of approximately Rs 45,912 lakhs and an options value of around Rs 17,303 crore, bringing the total value to Rs 51,115 lakhs.
Despite this notable activity in open interest, the stock has underperformed its sector by 4.52%, with a 1-day return of -5.41%. Over the past two days, Sammaan Capital has seen a consecutive decline, totaling a drop of 7.88%. The stock touched an intraday low of Rs 153.51, reflecting a decrease of 6.98%. Notably, the stock has exhibited high volatility today, with an intraday volatility of 5.06%.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 3.07 crore on October 3, which is an 18.37% increase compared to the 5-day average. Overall, while the increase in open interest is noteworthy, the stock's recent performance indicates challenges in the current market environment.