Ramco Cements Sees Surge in Open Interest Amid Strong Market Activity

Apr 03 2025 02:00 PM IST
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The Ramco Cements Ltd has seen a notable rise in open interest, reaching 12,492 contracts, alongside a trading volume of 19,882 contracts. The stock has outperformed its sector and is trading above multiple moving averages, despite a decline in delivery volume compared to recent averages.
The Ramco Cements Ltd, a prominent player in the cement industry, has experienced a significant increase in open interest today. The latest open interest stands at 12,492 contracts, reflecting a rise of 1,999 contracts or 19.05% from the previous open interest of 10,493. The trading volume for the day reached 19,882 contracts, indicating robust activity in the market.

In terms of price performance, The Ramco Cements has outperformed its sector by 1.45%, marking a consecutive gain over the last five days with a total return of 10.92% during this period. The stock touched an intraday high of Rs 953, representing a 3.97% increase. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite this positive momentum, there has been a noted decline in investor participation, with delivery volume dropping by 30.53% compared to the 5-day average. The stock remains liquid enough for trades of Rs 1.58 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and consistent price performance underscores the current activity surrounding The Ramco Cements.
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