UltraTech Cement Sees Significant Open Interest Surge Amid Active Market Participation
UltraTech Cement Ltd has seen a notable rise in open interest, reaching 114,630 contracts, alongside a trading volume of 77,623 contracts, indicating active market engagement. The stock has gained slightly over the past few days, although its delivery volume has decreased significantly compared to recent averages.
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 114,630 contracts, marking a rise of 12,269 contracts or 11.99% from the previous open interest of 102,361. This uptick in open interest is accompanied by a trading volume of 77,623 contracts, indicating active participation in the market.In terms of performance, UltraTech Cement has shown resilience, gaining 0.37% today, which aligns with the sector's overall return of 0.18%. The stock has been on a positive trajectory, recording gains for the last three consecutive days, with a total increase of 0.57% during this period.
Despite this upward movement, the stock's delivery volume has seen a decline, with a reported delivery volume of 84.71k on June 19, down by 39.91% compared to the five-day average. The stock remains liquid, with a trading capacity sufficient for a trade size of Rs 4.72 crore, based on 2% of the five-day average traded value.
In summary, UltraTech Cement's notable increase in open interest reflects heightened market activity, while its recent performance metrics indicate a stable position within the cement sector.
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