Surge in Open Interest Signals Shift in Market Dynamics for One 97 Communications

Apr 22 2025 03:01 PM IST
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One 97 Communications Ltd, trading as PAYTM, has seen a notable rise in open interest, reaching 43,869 contracts today. The stock has outperformed its sector and is trading above key moving averages, although delivery volume has decreased, indicating a shift in market dynamics and investor participation.
One 97 Communications Ltd, trading under the symbol PAYTM, has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 43,869 contracts, up from the previous figure of 39,522, marking a change of 4,347 contracts or an 11.0% increase. The trading volume for the day reached 34,984 contracts, contributing to a total futures value of approximately Rs 87,040.08 lakhs and an options value of Rs 11,660.39 crores, bringing the total to Rs 88,732.40 lakhs.

In terms of price performance, One 97 Communications has outperformed its sector by 0.34%, with the stock gaining 4.02% over the last two days. Today, it reached an intraday high of Rs 902.4, reflecting a 2.76% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is noteworthy that delivery volume has decreased by 15.99% compared to the 5-day average, suggesting a decline in investor participation.

Overall, the increase in open interest alongside the stock's recent performance highlights a notable shift in market dynamics for One 97 Communications.
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