Samvardhana Motherson International Sees 14.49% Surge in Open Interest to 51,339 Contracts

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 51,339 contracts, reflecting a rise of 6,499 contracts or 14.49% from the previous open interest of 44,840. This surge coincides with a trading volume of 53,212 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Samvardhana Motherson has outperformed its sector by 3.04%, reaching an intraday high of Rs 109.65, which represents a 4.06% increase for the day. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

However, it is noteworthy that the delivery volume has seen a decline, with 10.27 lakh shares delivered on October 21, marking an 84.45% drop compared to the 5-day average delivery volume. Despite this, the stock remains liquid, with a trade size of Rs 2.43 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Samvardhana Motherson International Ltd highlights active trading dynamics, while the stock's performance metrics indicate a solid position within the market.