Surge in Open Interest Signals Increased Trading Activity for Vodafone Idea Ltd.
Vodafone Idea Ltd. has seen a notable rise in open interest, reaching 169,746 contracts, alongside a trading volume of 123,727. The stock has outperformed its sector and recorded consistent gains over the past two days, despite a decline in delivery volume compared to recent averages.
Vodafone Idea Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 169,746 contracts, up from the previous 146,922, marking a change of 22,824 contracts or a 15.53% increase. The trading volume for the stock reached 123,727, contributing to a futures value of Rs 220,392.304 lakhs and an options value of Rs 17,933,518,800 lakhs, bringing the total value to Rs 231,599.892 lakhs.In terms of performance, Vodafone Idea has outperformed its sector by 10.1% today, with a notable 1D return of 10.53%. The stock has shown consistent gains over the past two days, accumulating an 11% return during this period. While the stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. However, there has been a decline in investor participation, with delivery volume falling by 9.87% compared to the 5-day average.
Overall, the surge in open interest for Vodafone Idea highlights a dynamic trading environment, reflecting the stock's current market activity without indicating future trends.
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