Surge in Open Interest Signals Active Trading Day for Sona BLW Precision Forgings

Apr 11 2025 03:00 PM IST
share
Share Via
Sona BLW Precision Forgings Ltd has seen a notable rise in open interest, reaching 30,470 contracts amid active trading. The stock opened higher and hit an intraday peak, although it remains below key moving averages. A significant drop in delivery volume suggests changing trading dynamics in the market.
Sona BLW Precision Forgings Ltd (SONACOMS) has experienced a significant increase in open interest today, reflecting notable trading activity in the stock. The latest open interest stands at 30,470 contracts, up from the previous 27,255 contracts, marking a change of 3,215 contracts or an 11.8% increase. The trading volume for the day reached 13,186 contracts, contributing to a futures value of approximately Rs 20,452 lakhs.

In terms of price performance, Sona BLW Precision Forgings opened with a gain of 5.22% and reached an intraday high of Rs 430.5, reflecting a 5.66% increase. Despite this positive movement, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The broader castings and forgings sector has also shown resilience, gaining 2.21% today.

However, it is worth noting a decline in delivery volume, which fell by 54.19% compared to the 5-day average, indicating a potential shift in trading dynamics. Overall, the increase in open interest alongside the stock's performance highlights a day of active trading for Sona BLW Precision Forgings.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News