Sona BLW Precision Forgings Sees Surge in Open Interest Amid Trading Activity

Apr 16 2025 03:00 PM IST
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Sona BLW Precision Forgings Ltd has seen a significant rise in open interest, reaching 31,467 contracts, alongside a trading volume of 15,741 contracts. Despite this activity, the stock has underperformed its sector and is currently below several key moving averages, while delivery volume has increased notably.
Sona BLW Precision Forgings Ltd (SONACOMS) has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 31,467 contracts, up from the previous figure of 28,548, marking a change of 2,919 contracts or a 10.22% increase. The trading volume for the day reached 15,741 contracts, contributing to a futures value of approximately Rs 14,573.84 lakhs.

In terms of price performance, Sona BLW Precision Forgings has underperformed its sector by 3.05%, with the stock declining by 3.50% to touch an intraday low of Rs 446.35. The weighted average price indicates that more volume was traded closer to this low price. While the stock is currently above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

Additionally, the stock has seen a rise in delivery volume, with 17.35 lakh shares delivered on April 15, reflecting a 32.55% increase compared to the 5-day average. With a market capitalization of Rs 27,750.38 crore, Sona BLW Precision Forgings continues to maintain a significant presence in the castings and forgings industry. Overall, the increase in open interest highlights a shift in trading dynamics for the stock, amidst a backdrop of fluctuating price performance.
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