Voltas Ltd. Sees Significant Open Interest Surge Amidst Market Challenges

Apr 01 2025 11:00 AM IST
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Voltas Ltd. has seen a notable rise in open interest in its futures market, reaching 68,060 contracts, alongside a significant trading volume of 64,159 contracts. Despite this activity, the company has underperformed its sector, with a decline in stock price, although delivery volume has increased, indicating improved liquidity.
Voltas Ltd., a prominent player in the air conditioning industry, has experienced a significant increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 68,060 contracts, up from the previous 54,126, marking a change of 13,934 contracts or a 25.74% increase. The trading volume for the day reached 64,159 contracts, contributing to a total futures value of approximately Rs 54,701.82 lakhs.

Despite this surge in open interest, Voltas has underperformed its sector, with a decline of 2.53% compared to the air conditioning industry's overall drop of 3.32%. The stock touched an intraday low of Rs 1,372, reflecting a decrease of 5.94% from the previous close. Additionally, Voltas is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

On a positive note, the delivery volume has seen a notable rise, with 14.41 lakh shares delivered on March 28, up 46.32% against the 5-day average. This increase in delivery volume suggests a growing liquidity in the stock, which is liquid enough for a trade size of Rs 4.77 crore. Overall, the notable spurt in open interest for Voltas reflects a dynamic trading environment amidst broader market challenges.
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