Balkrishna Industries Sees Surge in Open Interest Amid Increased Derivatives Activity

Mar 25 2025 02:00 PM IST
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Balkrishna Industries Ltd. has seen a notable rise in open interest, reaching 14,185 contracts, alongside increased trading volume of 10,555 contracts. Despite a recent decline in stock price and underperformance relative to its sector, delivery volume has surged, indicating heightened investor engagement in the derivatives market.
Balkrishna Industries Ltd. (BALKRISIND), a prominent player in the Tyres & Allied industry, has experienced a significant increase in open interest today. The latest open interest stands at 14,185 contracts, reflecting a rise of 1,750 contracts or 14.07% from the previous open interest of 12,435. This uptick comes alongside a trading volume of 10,555 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, Balkrishna Industries has underperformed its sector by 1.05%, with the stock falling after two consecutive days of gains. The stock reached an intraday low of Rs 2,552.35, marking a decline of 2.22%. Notably, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Despite the recent price decline, there has been a notable increase in delivery volume, which rose by 50.22% compared to the 5-day average, indicating rising investor participation. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 1.28 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Balkrishna Industries, reflecting the evolving landscape in the tyre sector.
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