Lodha Developers Ltd has seen a notable increase in open interest, reaching 36,792 contracts, alongside a trading volume of 20,124 contracts. The stock, currently valued at Rs 1,152, has shown a slight recovery after recent declines, with improved liquidity reflected in a significant rise in delivery volume.
Lodha Developers Ltd, a prominent player in the realty sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 36,792 contracts, marking a rise of 5,052 contracts or 15.92% from the previous open interest of 31,740. This uptick is accompanied by a trading volume of 20,124 contracts, indicating robust market engagement.
In terms of financial metrics, Lodha Developers is currently trading at an underlying value of Rs 1,152. The total futures value is reported at approximately Rs 64,794.95 lakhs, while the options value is significantly higher at around Rs 4,137,006.14 lakhs, bringing the total value to Rs 65,317.43 lakhs.
Despite this surge in open interest, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, after five consecutive days of decline, the stock has shown a slight recovery today with a 1D return of 0.96%, compared to a sector return of 1.19%. The liquidity remains favorable, with a delivery volume of 739,000 shares on September 26, reflecting a 40.49% increase against the 5-day average delivery volume.
Overall, the notable rise in open interest for Lodha Developers underscores a shift in market dynamics, warranting attention from market participants.