Samvardhana Motherson International Ltd Sees 11.67% Surge in Open Interest

Samvardhana Motherson International Ltd, a prominent player in the Auto Components & Equipments industry, has experienced a notable increase in open interest today. The latest open interest stands at 55,405 contracts, reflecting a rise of 5,788 contracts or 11.67% from the previous open interest of 49,617. This surge comes alongside a trading volume of 23,466 contracts, indicating active market participation.
In terms of financial metrics, the total futures value is reported at Rs 95,002.23 lakhs, while the options value is significantly higher at Rs 6,215,084.71 lakhs, bringing the total value to Rs 96,348.77 lakhs. The underlying value of the stock is noted at Rs 106.

Despite this increase in open interest, the stock has underperformed its sector by 0.44% today, with a 1D return of -1.14%. The stock has also shown a trend reversal, falling after three consecutive days of gains. Additionally, the delivery volume has decreased by 3.63% compared to the five-day average, suggesting a decline in investor participation.

Overall, the increase in open interest for Samvardhana Motherson International Ltd highlights a significant shift in market dynamics, warranting attention from market observers.