Exide Industries Sees Significant Open Interest Surge Amid Mixed Investor Engagement

Mar 26 2025 01:00 PM IST
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Exide Industries Ltd has seen a notable rise in open interest, reaching 32,405 contracts, alongside a trading volume of 49,043 contracts, indicating increased activity in the derivatives market. The stock has outperformed its sector slightly, although investor participation has declined, with delivery volume down compared to recent averages.
Exide Industries Ltd (symbol: EXIDEIND), a prominent player in the batteries sector, has experienced a significant increase in open interest today. The latest open interest stands at 32,405 contracts, marking a rise of 6,843 contracts or 26.77% from the previous open interest of 25,562. This surge coincides with a trading volume of 49,043 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, Exide Industries has outperformed its sector by 0.29%, reaching an intraday high of Rs 374.7, which reflects a gain of 4.03% for the day. The stock is currently positioned 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 4.79% compared to the 5-day average, totaling 12.64 lakh shares on March 25. The liquidity remains robust, allowing for trade sizes of approximately Rs 1.91 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Exide Industries reflects a dynamic trading environment, while the stock's performance metrics indicate a mixed outlook in terms of investor engagement and liquidity.
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