Surge in Open Interest for Vedanta Ltd. Signals Shift in Market Dynamics Amid Price Decline
Vedanta Ltd. has seen a notable rise in open interest, reaching 128,617 contracts, alongside a trading volume of 71,452 contracts, indicating increased activity in the derivatives market. Despite this, the stock has underperformed, trading below key moving averages and reflecting a bearish trend. The company also offers a high dividend yield.
Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 128,617 contracts, reflecting a rise of 18,446 contracts or 16.74% from the previous OI of 110,171. This surge in OI comes alongside a trading volume of 71,452 contracts, indicating heightened activity in the derivatives market.Despite this uptick in open interest, Vedanta's stock has underperformed, opening with a loss of 3.4% and reaching an intraday low of Rs 429.5, down 4.62% from the previous close. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.
Additionally, the stock boasts a high dividend yield of 7.88% at the current price, and liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 13.24 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest for Vedanta Ltd. highlights a shift in market dynamics, even as the stock grapples with downward price pressures.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
