Grasim Industries Sees Surge in Open Interest Amid Increased Derivatives 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 72,064 contracts, reflecting a rise of 8,504 contracts or 13.38% from the previous open interest of 63,560. This uptick coincides with a trading volume of 40,832 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, Grasim Industries is currently trading close to its 52-week high, just 4.2% away from the peak of Rs 2,896. The stock has shown resilience, outperforming its sector by 0.28% today and achieving a 1.31% return in the last trading session. Over the past three days, Grasim has recorded a cumulative gain of 2.61%.

The stock is also 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 5.44 lakh shares, marking a 39.86% increase compared to the 5-day average, further highlighting the stock's liquidity and active trading environment. Overall, the notable rise in open interest and robust trading metrics underscore the current dynamics surrounding Grasim Industries.