Exide Industries Sees Significant Open Interest Surge Amid Increased Trading Activity
Exide Industries Ltd has seen a notable rise in open interest, reaching 27,244 contracts, alongside a trading volume of 23,288 contracts. The stock has outperformed its sector and demonstrated consistent gains over the past week, while also showing increased liquidity and maintaining a strong market capitalization.
Exide Industries Ltd, a prominent player in the Auto Components & Equipments sector, has experienced a significant increase in open interest today. The latest open interest stands at 27,244 contracts, reflecting a rise of 3,301 contracts or 13.79% from the previous open interest of 23,943. This uptick in open interest coincides with a trading volume of 23,288 contracts, indicating heightened activity in the stock.In terms of performance, Exide Industries has outperformed its sector by 0.43% today, with a one-day return of 0.89%. The stock has shown consistent gains over the past five days, accumulating a total return of 4.66%. Notably, the stock's price is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.
Additionally, the stock has demonstrated increased liquidity, with a delivery volume of 16.99 lakh shares on June 9, marking an impressive rise of 89.78% compared to the 5-day average delivery volume. With a market capitalization of Rs 34,369.75 crore, Exide Industries continues to maintain a solid position in the market. Overall, the notable spurt in open interest highlights the active trading environment surrounding Exide Industries.
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