Sona BLW Precision Forgings Sees 18.02% Surge in Open Interest to 44,965
Sona BLW Precision Forgings Ltd has seen a significant rise in open interest, reaching 44,965 contracts, alongside a trading volume of 18,739 contracts. The total future value is reported at Rs 56,394.71 lakhs, while the stock remains below key moving averages, indicating changing market dynamics.
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 44,965 contracts, reflecting a rise of 6,864 contracts or 18.02% from the previous open interest of 38,101. This surge in open interest comes alongside a trading volume of 18,739 contracts, indicating active participation in the market.In terms of financial metrics, the total future value is reported at Rs 56,394.71 lakhs, while the options value is significantly higher at Rs 2,543.27 crore, contributing to a total value of Rs 56,663.59 lakhs. The underlying value of the stock is noted at Rs 407.
Despite this uptick in open interest, Sona BLW Precision Forgings has underperformed its sector by 1.31% today, with a slight stock return of 0.14%. The stock has gained after three consecutive days of decline but continues to trade below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, delivery volume has decreased by 9.45% compared to the 5-day average, indicating a decline in investor participation. Overall, the increase in open interest highlights a significant shift in market dynamics for Sona BLW Precision Forgings.
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