Deepak Nitrite Sees Surge in Open Interest Amid Increased Trading Activity

May 16 2025 03:00 PM IST
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Deepak Nitrite Ltd. has seen a notable rise in open interest, indicating increased trading activity in the specialty chemicals sector. The stock has outperformed its sector, showing consistent gains over the past few days, while delivery volume has significantly increased, reflecting strong liquidity in the market.
Deepak Nitrite Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the specialty chemicals sector. The latest open interest stands at 8,012 contracts, up from the previous 7,237, marking a change of 775 contracts or a 10.71% increase. The trading volume for the day reached 11,191 contracts, contributing to a total futures value of approximately Rs 11,034.52 lakhs.

In terms of price performance, Deepak Nitrite has outperformed its sector by 1.47%, with the stock gaining 2.33% today. Over the past three days, it has shown a consistent upward trend, accumulating a total return of 7.78%. The stock reached an intraday high of Rs 2,105, reflecting a 2.71% increase during the session.

Additionally, the stock's delivery volume on May 15 was recorded at 153,000 shares, a notable rise of 127.55% compared to the five-day average. This indicates a robust liquidity profile, with the stock being liquid enough for trades sized at Rs 0.6 crore based on 2% of the five-day average traded value. Overall, the developments in open interest and trading metrics highlight a dynamic trading environment for Deepak Nitrite Ltd.
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