Surge in Open Interest Signals Increased Trading Activity for Vedanta Ltd.

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 126,819 contracts, reflecting a rise of 18,861 contracts or 17.47% from the previous open interest of 107,958. This surge in open interest comes alongside a trading volume of 87,748 contracts, indicating heightened activity in the stock.
In terms of performance, Vedanta has outperformed its sector by 0.69%, despite a slight decline of 0.44% 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 has shown increased investor participation, with a delivery volume of 53.56 lakh on August 21, marking a 20.36% rise compared to the 5-day average delivery volume.

With a market capitalization of Rs 1,73,992.72 crore, Vedanta maintains a high dividend yield of 7.95% at the current price, further emphasizing its position in the market. Overall, the notable increase in open interest highlights a shift in trading dynamics for Vedanta Ltd.