Surge in Open Interest Signals Shift in Market Dynamics for Samvardhana Motherson International
Samvardhana Motherson International Ltd has seen a notable rise in open interest, reaching 69,205 contracts, alongside a trading volume of 34,164 contracts. The stock has outperformed its sector and demonstrated a strong upward trend over the past week, despite a decline in investor participation.
Samvardhana Motherson International Ltd, a prominent player in the auto ancillary sector, has experienced a significant increase in open interest today. The latest open interest stands at 69,205 contracts, marking a rise of 9,022 contracts or 14.99% from the previous open interest of 60,183. The trading volume for the day reached 34,164 contracts, contributing to a total futures value of approximately Rs 86,278.85 lakhs.In terms of price performance, Samvardhana Motherson has outperformed its sector by 0.42%, with the stock gaining 2.17% today. Over the past five days, the stock has shown a remarkable upward trend, accumulating a total return of 17.18%. The stock reached an intraday high of Rs 132.5, reflecting a 2.18% increase during the session.
Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 48.69% compared to the five-day average. The stock remains liquid, with a trade size of Rs 5.18 crore based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Samvardhana Motherson International.
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