Grasim Industries Sees 14.1% Surge in Open Interest, Reaching 83,401 Contracts
Grasim Industries Ltd has seen a notable rise in open interest, reaching 83,401 contracts, alongside a trading volume of 47,746 contracts. The stock achieved a new all-time high of Rs 2,924, demonstrating strong performance and liquidity, with a market capitalization of Rs 1,97,691.05 crore.
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 83,401 contracts, reflecting a rise of 10,308 contracts or 14.1% from the previous open interest of 73,093. This surge in open interest coincides with a trading volume of 47,746 contracts, indicating heightened activity in the derivatives market.In terms of price performance, Grasim Industries reached a new 52-week and all-time high of Rs 2,924, marking a 2.91% increase during the trading session. The stock has notably outperformed its sector by 1.64% and has reversed a two-day decline, showcasing resilience in its price movement. Currently, 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's delivery volume on October 24 was recorded at 284,000 shares, which is a 35.6% increase compared to the 5-day average delivery volume, indicating robust liquidity. With a market capitalization of Rs 1,97,691.05 crore, Grasim Industries continues to solidify its position in the market. Overall, the notable increase in open interest and positive price movements reflect a dynamic trading environment for Grasim Industries.
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