Siemens Ltd. Sees 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 today, reflecting heightened trading activity. The latest open interest stands at 33,746 contracts, up from the previous 30,304, marking a change of 3,442 contracts or an 11.36% increase. The trading volume for the day reached 62,170 contracts, indicating robust market engagement. In terms of performance, Siemens has outperformed its sector by 2.23%, with the stock gaining 3.48% over the last three days. Today, it touched an intraday high of Rs 3,298.7, representing a 3.78% increase. The stock's current price is above its 5-day, 50-day, and 100-day moving averages, although it remains below the 20-day and 200-day averages. Additionally, the stock has seen a notable rise in delivery volume, with 12.88 lakh shares delivered on June 27, reflecting a 220.68% increase compared to the 5-day average. With a market capitalization of Rs 1,15,824.63 crore, Siemens continues to demonstrate liquidity suitable for trades of Rs 7.82 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and strong trading metrics highlight the stock's active market presence.