Shree Cement Sees Surge in Open Interest Amid Increased Trading Activity
Shree Cement Ltd. has seen a notable rise in open interest, reaching 21,224 contracts, alongside a trading volume of 46,964 contracts. The stock achieved a new 52-week high and demonstrated strong price performance, with significant increases in delivery volume, highlighting active market engagement and investor interest.
Shree Cement Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 21,224 contracts, up from the previous 17,642 contracts, marking a change of 3,582 contracts or a 20.3% increase. The trading volume for the day reached 46,964 contracts, indicating robust market engagement.In terms of price performance, Shree Cement hit a new 52-week high of Rs. 31,835, representing a 3.97% increase during the trading session. The stock has outperformed its sector by 2.24% and has shown a consistent upward trend, gaining 7.8% over the past four days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish momentum.
Additionally, the stock's delivery volume of 54,460 on May 14 has surged by 272.69% compared to the 5-day average, indicating increased investor participation. With a market capitalization of Rs. 1,14,177.53 crore, Shree Cement remains a prominent player in the cement industry. Overall, the notable rise in open interest and strong price performance underscores the stock's active trading environment.
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