Ramco Cements Sees Surge in Open Interest Amid Strong Trading Activity
Ramco Cements Ltd has seen a notable rise in open interest, reaching 12,414 contracts, alongside a trading volume of 9,022 contracts. The stock has outperformed its sector and achieved a 3.79% return today, although investor participation has decreased, with delivery volume down 30.53% from the five-day average.
The Ramco Cements Ltd (symbol: RAMCOCEM) has experienced a significant increase in open interest today, with the latest open interest reported at 12,414 contracts, up from the previous 10,493 contracts. This marks a change of 1,921 contracts, reflecting an 18.31% increase. The trading volume for the day stood at 9,022 contracts, contributing to a futures value of approximately Rs 13,223.26 lakhs.In terms of price performance, The Ramco Cements has outperformed its sector by 2.79%, with a notable 3.79% return on the day. The stock has shown consistent gains over the past five days, accumulating a total return of 10.9%. Today, it reached an intraday high of Rs 946, representing a 3.2% increase.
Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 30.53% compared to the five-day average. The stock remains liquid, with a trading capacity sufficient for a trade size of Rs 1.58 crore. Overall, The Ramco Cements continues to demonstrate robust performance metrics within the cement industry.
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