UltraTech Cement Sees 11.83% Surge in Open Interest, Reaching 91,578 Contracts

UltraTech Cement Ltd, a prominent player in the Cement & Cement Products industry, has experienced a notable increase in open interest today. The latest open interest stands at 91,578 contracts, reflecting a rise of 9,684 contracts or 11.83% from the previous open interest of 81,894. This surge in open interest comes alongside a trading volume of 50,892 contracts, indicating active market participation.
In terms of financial metrics, UltraTech Cement's futures value is reported at Rs 130,658.65 lakhs, while the options value is significantly higher at Rs 18,291,649.33 lakhs, contributing to a total value of Rs 131,751.19 lakhs. The underlying value of the stock is noted at Rs 12,064.

On the price performance front, UltraTech Cement's stock has shown a slight increase of 0.02% today, which is in line with the sector's performance, which recorded a 0.27% gain. Notably, the stock has reversed its trend after four consecutive days of decline. However, it remains above the 200-day moving average while falling short of the shorter-term moving averages. Additionally, delivery volume has seen a significant drop of 57.65% compared to the five-day average, indicating a decline in investor participation.

In summary, the increase in open interest for UltraTech Cement highlights a shift in market dynamics, while the stock's performance metrics reflect a complex interplay of trends within the broader market context.