Asian Paints Sees 10.47% Surge in Open Interest, Reaching 104,559 Contracts

Asian Paints Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 104,559, up from the previous OI of 94,645. This marks a change of 9,914, reflecting a percentage increase of 10.47%. The trading volume for the stock stood at 43,970, contributing to a futures value of approximately Rs 131,070.04 lakhs and an options value of Rs 14,546,840.217 lakhs, bringing the total value to Rs 132,217.29 lakhs. The underlying value of the stock is noted at Rs 2,500.
In terms of price performance, Asian Paints has been trading in line with its sector, although it has faced a consecutive decline over the past three days, with a total drop of 0.57% during this period. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, with a delivery volume of 426,000 on October 23, down by 5.97% compared to the 5-day average.

In summary, the notable increase in open interest for Asian Paints highlights a shift in market dynamics, while the stock continues to navigate recent performance challenges.