Grasim Industries Sees 12.22% Surge in Open Interest Amid Active Trading Activity

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 81,942 contracts, reflecting a rise of 8,920 contracts or 12.22% from the previous open interest of 73,022. This uptick in open interest comes alongside a trading volume of 22,867 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Grasim Industries is currently trading close to its 52-week high, just 2.9% away from Rs 2,914.5. Despite this proximity to its peak, the stock has faced a slight decline of 1.33% over the past two days. Notably, the stock's performance today aligns with the broader sector trends, which saw a 1.19% decline.

Grasim's moving averages indicate that it is performing above the 20-day, 50-day, 100-day, and 200-day averages, although it is below the 5-day moving average. Additionally, the stock has shown increased investor participation, with a delivery volume of 289,000 shares on October 23, marking a 33.88% rise compared to the 5-day average. With a market capitalization of Rs 1,93,036.30 crore, Grasim Industries continues to maintain a liquid trading environment, suitable for transactions of Rs 2.15 crore. Overall, the notable increase in open interest highlights a dynamic trading atmosphere surrounding Grasim Industries.