Vedanta Ltd. Sees Significant Open Interest Surge Amid Increased Trading Activity

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 121,049 contracts, up from the previous 107,958, marking a change of 13,091 contracts or a 12.13% increase. This surge coincides with a trading volume of 54,385 contracts, indicating robust market engagement.
In terms of price performance, Vedanta has outperformed its sector by 0.76%, despite a slight decline of 0.09% in its one-day return. The stock is currently trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it remains below the 50-day moving average. Notably, the stock boasts a high dividend yield of 7.95%, enhancing its appeal to income-focused investors.

With a market capitalization of Rs 1,74,247 crore, Vedanta continues to demonstrate liquidity, with a trading capacity sufficient for a trade size of Rs 9.49 crore based on 2% of the 5-day average traded value. This increase in open interest, coupled with solid trading metrics, underscores the stock's active presence in the market.