Oberoi Realty Sees Surge in Open Interest Amidst Market Challenges

Oberoi Realty Ltd., a prominent player in the Construction - Real Estate sector, has experienced a significant increase in open interest today. The latest open interest stands at 14,651 contracts, reflecting a rise of 1,817 contracts or 14.16% from the previous open interest of 12,834. This uptick comes alongside a trading volume of 15,601 contracts, indicating heightened activity in the stock.
In terms of price performance, Oberoi Realty has underperformed its sector by 1.99%, with the stock recording a decline of 4.52% over the last two days. Today, it reached an intraday low of Rs 1,556.5, marking a decrease of 4.94%. The weighted average price suggests that more volume was traded closer to this low price point.

Despite the recent downturn, the stock remains above its 20-day moving averages but is below its 5-day, 50-day, 100-day, and 200-day moving averages. The broader Construction - Real Estate sector has also seen a decline of 2.15%. Notably, delivery volume has decreased by 18.27% compared to the five-day average, indicating a drop in investor participation. Overall, the increase in open interest highlights a notable shift in trading dynamics for Oberoi Realty amidst a challenging market environment.