Surge in Open Interest Signals Increased Trading Activity for Samvardhana Motherson International Ltd

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 49,144 contracts, reflecting a rise of 6,843 contracts or 16.18% from the previous open interest of 42,301. This surge in open interest coincides with a trading volume of 45,783 contracts, indicating heightened activity in the stock.
In terms of price performance, Samvardhana Motherson has outperformed its sector by 1.17%, with a notable 1D return of 1.35%. The stock has shown consistent gains over the past three days, accumulating a total return of 4.33% during this period. Today, it reached an intraday high of Rs 158.66, marking a 4.32% increase.

The stock's liquidity remains robust, with a delivery volume of 1.18 crore on May 29, which is 41.98% higher than the five-day average. Additionally, the stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Overall, the notable increase in open interest and positive price performance underscores the stock's active trading environment.