Sammaan Capital Ltd Sees Significant Surge in Open Interest Amid Increased Trading Activity
Sammaan Capital Ltd, a small-cap housing finance company, has seen a notable rise in open interest, indicating increased trading activity. The stock has outperformed its sector and is trading above key moving averages, reflecting a strong upward trend. The finance-housing sector also experienced modest gains.
Sammaan Capital Ltd, a small-cap player in the housing finance sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 15,673, up from the previous figure of 12,154, marking a change of 3,519, or 28.95%. This surge coincides with a trading volume of 18,829, contributing to a total futures value of approximately Rs 28,328.50 lakhs.In terms of price performance, Sammaan Capital has outperformed its sector by 4.11%, with the stock gaining 12.85% over the past three days. Today, it reached an intraday high of Rs 134, reflecting a 6.83% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Additionally, the finance-housing sector has seen a modest gain of 2.13%. With a market capitalization of Rs 10,831.00 crore, Sammaan Capital continues to demonstrate robust liquidity, with a delivery volume of 1.44 crore on September 1, reflecting a 19.44% increase against the 5-day average. Overall, the notable rise in open interest and positive price movements highlight the stock's active trading environment.
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