Grasim Industries Sees Significant Open Interest Surge Amid Increased Market Activity
Grasim Industries Ltd has seen a notable increase in open interest, reaching 74,335 contracts, alongside a trading volume of 38,646 contracts. The company has outperformed its sector and is trading above multiple moving averages, with a significant rise in delivery volume, indicating strong market engagement.
Grasim Industries Ltd, a prominent player in the Cement & Cement Products sector, has experienced a significant increase in open interest today. The latest open interest stands at 74,335 contracts, reflecting a rise of 7,868 contracts or 11.84% from the previous open interest of 66,467. This uptick in open interest coincides with a trading volume of 38,646 contracts, indicating heightened activity in the derivatives market.In terms of performance, Grasim Industries has outperformed its sector by 0.44% today, marking its fourth consecutive day of gains with a total return of 1.94% over this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the delivery volume has surged to 8.86 lakh shares, representing a remarkable increase of 261.28% compared to the 5-day average delivery volume.
With a market capitalization of Rs 1,85,642.36 crore, Grasim Industries continues to demonstrate robust liquidity, supporting trade sizes of Rs 3.19 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and strong trading metrics highlight the active engagement surrounding Grasim Industries in the current market environment.
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