UltraTech Cement Sees 11.03% Surge in Open Interest Amid Declining Stock Performance

UltraTech Cement Ltd (symbol: ULTRACEMCO) has experienced a significant increase in open interest today, with the latest open interest reported at 92,994, up from the previous figure of 83,752. This marks a change of 9,242, or an 11.03% increase in open interest. The trading volume for the stock reached 53,199, contributing to a futures value of approximately Rs 96,445.55 lakhs and an options value of Rs 23,232,096,926, bringing the total value to Rs 97,794.62 lakhs. The underlying value stands at Rs 12,071.
In terms of performance, UltraTech Cement has outperformed its sector by 0.62%, despite a consecutive decline over the past four days, resulting in a total return of -4.56% during this period. The stock is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages. Notably, investor participation has decreased, with delivery volume dropping by 38.21% compared to the 5-day average.

In summary, the notable rise in open interest for UltraTech Cement reflects active trading dynamics, while the stock's recent performance indicates a challenging period amidst fluctuating investor engagement.