UltraTech Cement Sees 10.31% Surge in Open Interest, Reaching 84,487 Contracts

UltraTech Cement Ltd, a prominent player in the Cement & Cement Products industry, has experienced a significant increase in open interest today. The latest open interest stands at 84,487 contracts, reflecting a rise of 7,897 contracts or 10.31% from the previous open interest of 76,590. This uptick in open interest comes alongside a trading volume of 36,533 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, UltraTech Cement has traded within a narrow range of Rs 113 today. The stock's performance aligns closely with the sector, showing a 1D return of -0.51%, compared to the sector's -0.41% and the Sensex's -0.19%. Notably, the stock is currently positioned higher than its 200-day moving averages but lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

Additionally, there has been a notable increase in delivery volume, which reached 3.81 lakh shares on October 27, marking a substantial rise of 111.53% against the 5-day average delivery volume. With a market capitalization of Rs 3,52,259.48 crore, UltraTech Cement remains a significant entity in the large-cap segment. Overall, the increase in open interest and trading activity underscores a dynamic trading environment for UltraTech Cement.