UltraTech Cement Sees 17.74% Surge in Open Interest to 92,461 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 92,461 contracts, reflecting a rise of 13,934 contracts or 17.74% from the previous open interest of 78,527 contracts. This surge in open interest coincides with a trading volume of 70,768 contracts, indicating heightened activity in the stock.
In terms of financial performance, UltraTech Cement's stock has shown a modest one-day return of 0.97%, aligning closely with the sector's return of 1.20% and outperforming the Sensex, which recorded a 0.68% return. The stock's performance today marks a trend reversal, as it has gained after four consecutive days of decline.

Additionally, the stock's delivery volume reached 302,000 shares on October 24, representing a substantial increase of 122.89% compared to the five-day average delivery volume. UltraTech Cement's market capitalization is approximately Rs 3,54,616.91 crore, categorizing it as a large-cap stock.

Overall, the notable increase in open interest and trading volume highlights a shift in market dynamics for UltraTech Cement, reflecting active participation in the stock.