UltraTech Cement Sees 21.65% Surge in Open Interest, Reaching 93,174 Contracts

UltraTech Cement Ltd (symbol: ULTRACEMCO) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 93,174 contracts, up from the previous figure of 76,590, marking a change of 16,584 contracts or a 21.65% increase. This surge in open interest coincides with a trading volume of 63,237 contracts, indicating robust market engagement.
In terms of performance, UltraTech Cement has outperformed its sector by 0.3% today, with a modest stock return of 0.09%. Over the past two days, the stock has shown a consecutive gain, rising by 0.68%. Notably, the stock's price is currently above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a mixed trend in short-term performance.

Additionally, the delivery volume reached 316,000 shares on October 29, reflecting a 16.96% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 3,53,909.68 crore, UltraTech Cement remains a significant player in the Cement & Cement Products industry. The increase in open interest and trading volume highlights the stock's active trading environment, underscoring its current market dynamics.