Vodafone Idea Ltd. Reports 15.08% Surge in Open Interest, Reaching 172,305 Contracts

Vodafone Idea Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the telecom services sector. The latest open interest stands at 172,305 contracts, marking a rise of 22,583 contracts or 15.08% from the previous open interest of 149,722. This surge in open interest coincides with a trading volume of 94,126 contracts, indicating robust market engagement.
In terms of financial metrics, Vodafone Idea is currently trading at an underlying value of Rs 9. The total futures value is reported at Rs 373,702.18 lakhs, while the options value is substantially higher at Rs 30,492,465.08 lakhs, bringing the total value to Rs 386,697.20 lakhs.

Despite a slight decline of 0.85% in its stock price today, Vodafone Idea remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a stable performance relative to its recent trading history. Additionally, the stock has shown a notable increase in delivery volume, rising by 28.75% against the 5-day average, which indicates a healthy level of liquidity for trades sized at Rs 19.2 crores.

In summary, the notable rise in open interest for Vodafone Idea Ltd. highlights increased trading activity, while the stock maintains a position above key moving averages, reflecting its current market dynamics.