Surge in Open Interest Signals Active Trading Environment for Samvardhana Motherson International
Samvardhana Motherson International Ltd has seen a notable rise in open interest, reaching 47,094 contracts, alongside a trading volume of 27,058 contracts. The stock has gained 3.97% over two days and is currently trading above several moving averages, indicating active market engagement despite a decline in delivery volume.
Samvardhana Motherson International Ltd, a prominent player in the Auto Components & Equipments industry, has experienced a significant increase in open interest today. The latest open interest stands at 47,094 contracts, reflecting a rise of 4,299 contracts or 10.05% from the previous open interest of 42,795. This uptick in open interest comes alongside a trading volume of 27,058 contracts, indicating active participation in the market.In terms of price performance, Samvardhana Motherson has shown resilience, gaining 3.97% over the last two days. The stock reached an intraday high of Rs 155.1, marking a 2.41% increase during the trading session. Currently, the stock's price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.
Despite a notable decline in delivery volume, which fell by 45.21% against the 5-day average, the stock maintains a liquidity level sufficient for trades up to Rs 3.96 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's recent performance highlight a dynamic trading environment for Samvardhana Motherson International.
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