Surge in Open Interest Signals Increased Activity for Grasim Industries Stock

Grasim Industries Ltd, a prominent player in the Cement & Cement Products industry, has experienced a significant increase in open interest today. The latest open interest stands at 73,571 contracts, reflecting a rise of 7,104 contracts or 10.69% from the previous open interest of 66,467. This surge in open interest is accompanied by a trading volume of 33,793 contracts, indicating heightened activity in the derivatives market.
In terms of performance, Grasim Industries has outperformed its sector by 0.56% today, with a 1D return of 0.35%. The stock has shown consistent gains over the past four days, accumulating a total return of 1.83% during this period. Notably, Grasim is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 8.86 lakh shares on June 20, marking a substantial increase of 261.28% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,85,234.05 crore, Grasim Industries remains a liquid option for trades sized at Rs 3.19 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive performance metrics highlight the current activity surrounding Grasim Industries.