Balkrishna Industries Sees Surge in Open Interest Amidst Active Trading Dynamics
Balkrishna Industries Ltd has seen a notable rise in open interest, reaching 17,665 contracts, alongside a trading volume of 20,809 contracts. Despite this activity, the stock has underperformed its sector and remains below key moving averages, indicating ongoing challenges in market performance.
Balkrishna Industries Ltd, a prominent player in the Tyres & Rubber Products industry, has experienced a significant increase in open interest today. The latest open interest stands at 17,665 contracts, marking a rise of 2,269 contracts or 14.74% from the previous open interest of 15,396. This uptick coincides with a trading volume of 20,809 contracts, reflecting active market engagement.In terms of financial metrics, the total futures value is reported at Rs 43,873.72 lakhs, while the options value is notably high at Rs 10,606,815.516 lakhs, bringing the total value to Rs 44,189.12 lakhs. The underlying value of the stock is currently at Rs 2,400.
Despite this surge in open interest, Balkrishna Industries has underperformed its sector by 0.91% today, with a modest 1D return of 0.15%. The stock has shown a trend reversal after two consecutive days of decline, trading within a narrow range of Rs 23.2. However, it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Additionally, delivery volume has decreased by 41.74% compared to the 5-day average, suggesting a decline in investor participation.
In summary, the notable increase in open interest for Balkrishna Industries highlights active trading dynamics, although the stock continues to face headwinds in terms of performance relative to its sector and moving averages.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
