Siemens Ltd. Sees Significant Surge in Open Interest Amid Increased Trading Activity

Siemens Ltd., a prominent player in the Heavy Electrical Equipment industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 33,707 contracts, reflecting a rise of 3,403 contracts or 11.23% from the previous OI of 30,304. This uptick in OI coincides with a trading volume of 66,621 contracts, indicating heightened activity in the stock. In terms of performance, Siemens has outperformed its sector by 1.83%, marking a positive trend as the stock has gained for three consecutive days, accumulating a total return of 3.18% during this period. The stock reached an intraday high of Rs 3,298.7, representing a 3.78% increase. Additionally, Siemens' current price is above its 5-day, 50-day, and 100-day moving averages, although it remains below the 20-day and 200-day moving averages. Notably, the delivery volume surged to 12.88 lakh shares on June 27, reflecting a remarkable increase of 220.68% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,15,589.59 crore, Siemens continues to demonstrate robust liquidity, supporting trade sizes of Rs 7.82 crore based on 2% of the 5-day average traded value. This notable spurt in open interest underscores the stock's active trading environment.