Dalmia Bharat Sees Surge in Open Interest Amid Increased Trading Activity

Dalmia Bharat Ltd, a prominent player in the cement industry, has experienced a significant increase in open interest today. The latest open interest stands at 11,032 contracts, reflecting a rise of 1,294 contracts or 13.29% from the previous open interest of 9,738. This uptick in open interest coincides with a trading volume of 4,525 contracts, indicating heightened activity in the stock.
In terms of price performance, Dalmia Bharat has outperformed its sector by 0.33%, marking a consecutive gain over the last four days with a total return of 5.11% during this period. The stock reached an intraday high of Rs 1,859.6, representing a 2.54% increase. Notably, Dalmia Bharat is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock has shown rising investor participation, with a delivery volume of 162,000 shares on March 27, which is up 7.16% compared to the 5-day average. With a market capitalization of Rs 34,307.54 crore, Dalmia Bharat remains a liquid option for trading, accommodating a trade size of Rs 1.14 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive price performance underscores the stock's current market dynamics.