Vedanta Ltd. Reports 20.83% Surge in Open Interest to 163,158 Contracts

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 163,158 contracts, marking a notable rise of 28,131 contracts or 20.83% from the previous open interest of 135,027. This surge coincides with a trading volume of 136,626 contracts, indicating robust market engagement.
In terms of performance, Vedanta has outperformed its sector by 1.86%, with a 1.59% return on the day. The stock has shown consistent gains over the past two days, accumulating a total return of 1.94%. Notably, Vedanta is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Despite this positive performance, there has been a decline in investor participation, with delivery volume dropping by 85.23% compared to the 5-day average. The stock also boasts a high dividend yield of 6.62% at the current price, further enhancing its appeal. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading environment for Vedanta Ltd.