Exide Industries Sees Surge in Open Interest Amid Price Decline and Increased Trading Activity
Exide Industries Ltd has seen a significant rise in open interest, reaching 27,490 contracts, alongside a robust trading volume of 49,708 contracts. Despite recent price declines and underperformance relative to its sector, delivery volume has surged, indicating increased investor participation and adequate liquidity in the stock.
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 27,490 contracts, reflecting a notable rise of 5,953 contracts or 27.64% from the previous open interest of 21,537. The trading volume for the day reached 49,708 contracts, indicating robust activity in the market.In terms of price performance, Exide Industries has underperformed its sector by 1.98%, with the stock recording a decline of 4.58% on the day. It has faced consecutive losses over the past two days, totaling a drop of 5.94%. The stock touched an intraday low of Rs 353.75, down 4.38% from the previous close. Additionally, Exide Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging short-term trend.
Despite these challenges, there has been a notable rise in delivery volume, which increased by 130.65% compared to the 5-day average, indicating heightened investor participation. The liquidity of the stock remains adequate for trades of approximately Rs 1.06 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest amid a declining price trend highlights the current dynamics surrounding Exide Industries.
{{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
