Shree Cement Sees Surge in Open Interest Amid Strong Market Activity
Shree Cement Ltd. has seen a notable rise in open interest, reaching 19,973 contracts, alongside a trading volume of 41,487 contracts. The stock achieved a new 52-week high of Rs. 32,420, demonstrating strong market activity and favorable liquidity, indicating a robust position in the cement industry.
Shree Cement Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 19,973 contracts, up from the previous 16,587 contracts, marking a change of 3,386 contracts or a 20.41% increase. The trading volume for the day reached 41,487 contracts, indicating robust participation in the market.In terms of price performance, Shree Cement hit a new 52-week high of Rs. 32,420 today, representing a 2.81% increase from its previous close. The stock has outperformed its sector by 2.59% and has shown a consecutive gain over the last two days, accumulating a total return of 5.16% during this period. Notably, Shree Cement is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
The liquidity of the stock remains favorable, with a delivery volume of 24.9k on July 21, reflecting a 166.59% increase compared to the 5-day average delivery volume. Overall, Shree Cement's performance today highlights its strong market position within the cement industry, supported by significant trading activity and positive price movements.
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