Exide Industries Sees Significant Open Interest Surge Amid Market Activity

Apr 24 2025 03:00 PM IST
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Exide Industries Ltd has seen a significant rise in open interest, reaching 25,385 contracts, alongside a trading volume of 16,986 contracts. The stock has rebounded from a two-day decline, trading above several moving averages, though investor participation has decreased notably in terms of delivery volume.
Exide Industries Ltd (symbol: EXIDEIND), a prominent player in the batteries industry, has experienced a notable increase in open interest today. The latest open interest stands at 25,385 contracts, reflecting a rise of 2,534 contracts or 11.09% from the previous open interest of 22,851 contracts. This uptick in open interest comes alongside a trading volume of 16,986 contracts, indicating active participation in the market.

In terms of price performance, Exide Industries has outperformed its sector by 1%, reversing a two-day decline. The stock reached an intraday high of Rs 388.6, marking a gain of 2.05%. Currently, the stock is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Despite this positive price movement, there has been a decline in investor participation, with delivery volume dropping by 66.02% compared to the 5-day average. The stock maintains sufficient liquidity for trades up to Rs 2.01 crore, based on 2% of the 5-day average traded value.

In summary, the increase in open interest for Exide Industries highlights a shift in market dynamics, while the stock's recent performance reflects a recovery from prior declines.
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