Shree Cement Sees Surge in Open Interest Amid Increased Trading Activity

Apr 24 2025 02:00 PM IST
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Shree Cement Ltd. has seen a significant rise in open interest, reaching 16,140 contracts, alongside a trading volume of 6,083 contracts. The stock is close to its 52-week high and has shown a positive trend today, despite a decline in investor participation and delivery volume.
Shree Cement Ltd. has experienced a notable increase in open interest today, signaling heightened activity in its trading. The latest open interest stands at 16,140 contracts, reflecting a rise of 1,655 contracts or 11.43% from the previous open interest of 14,485. The trading volume for the day reached 6,083 contracts, contributing to a futures value of approximately Rs 35,563.12 lakhs.

In terms of price performance, Shree Cement is currently just 2.35% away from its 52-week high of Rs 31,415, indicating strong market positioning within the cement industry. The stock has shown a positive trend today, gaining 1.43%, which is in line with the sector's performance of 1.28%. Notably, this uptick comes after two consecutive days of decline, suggesting a potential trend reversal.

Despite the positive movement, there has been a decline in investor participation, with delivery volume dropping by 21.15% compared to the five-day average. However, the stock remains liquid enough for trades of Rs 1.76 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest and the stock's current performance reflect significant activity in Shree Cement's trading landscape.
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