Vodafone Idea Sees 12.96% Surge in Open Interest Amid Increased Trading Activity

Vodafone Idea Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 162,868 contracts, up from the previous figure of 144,183, marking a change of 18,685 contracts or a 12.96% increase. The trading volume for the day reached 219,495 contracts, indicating robust market engagement.
In terms of price performance, Vodafone Idea hit a new 52-week high of Rs. 10.57 today, outperforming its sector by 1.67%. The stock has shown consistent gains over the past five days, accumulating a total return of 15.06%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The telecommunications sector, in which Vodafone Idea operates, has also seen a gain of 2.6%. Notably, the delivery volume on October 24 reached 23.44 crore shares, a 39.67% increase compared to the 5-day average, indicating rising investor participation. With a market capitalization of Rs 1,04,551 crore, Vodafone Idea remains a key player in the mid-cap telecom space. Overall, the surge in open interest and positive price movements highlight the stock's active trading environment.