Sona BLW Precision Forgings Ltd Sees 11.9% Surge in Open Interest to 44,341 Contracts
Sona BLW Precision Forgings Ltd has seen a significant rise in open interest, reaching 44,341 contracts, alongside a trading volume of 31,699 contracts. Despite this increase, the stock has underperformed its sector and is currently trading below multiple moving averages, indicating a challenging price environment.
Sona BLW Precision Forgings Ltd, a mid-cap player in the Auto Components & Equipments industry, has experienced a notable increase in open interest today. The latest open interest stands at 44,341 contracts, reflecting a rise of 4,716 contracts or 11.9% from the previous open interest of 39,625. The trading volume for the day reached 31,699 contracts, contributing to a futures value of approximately Rs 65,938.92 lakhs and an options value of around Rs 7,387.13 lakhs, bringing the total value to Rs 66,846.98 lakhs.In terms of price performance, Sona BLW has underperformed its sector by 1.07%, with a 1D return of -1.18%. The stock has been on a downward trend, recording a consecutive fall over the last two days, resulting in a total decline of 2.52%. Today, it touched an intraday low of Rs 408.1, down by 2.09%. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
Overall, the increase in open interest amid a challenging price environment highlights the dynamics at play for Sona BLW Precision Forgings Ltd.
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