Shree Cement Sees Surge in Open Interest Amidst Increased Trading Activity
Shree Cement Ltd. has seen a notable rise in open interest, reaching 20,450 contracts, alongside a trading volume of 19,394 contracts. The stock achieved a new 52-week high of Rs 30,175, while investor participation decreased significantly, indicating mixed trading dynamics despite recent gains.
Shree Cement Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 20,450 contracts, up from the previous 16,846 contracts, marking a change of 3,604 contracts or a 21.39% increase. The trading volume for the day reached 19,394 contracts, contributing to a futures value of approximately Rs 75,026.57 lakhs.In terms of price performance, Shree Cement hit a new 52-week high of Rs 30,175, representing a 2.49% increase during the trading session. Despite this achievement, the stock underperformed its sector by 1.33%. Over the past week, Shree Cement has shown consistent gains, rising 7.76% over seven consecutive days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
However, it is noteworthy that investor participation has declined, with delivery volume dropping by 68.54% compared to the 5-day average. Overall, Shree Cement's performance today highlights a notable spurt in open interest amidst fluctuating trading dynamics.
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