Grasim Industries Sees 16.01% Surge in Open Interest Amid Strong 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 88,504, reflecting a rise of 12,214 from the previous open interest of 76,290, marking a percentage change of 16.01%. The trading volume for the day reached 38,219, contributing to a futures value of approximately Rs 148,502.46 lakhs.
In terms of price performance, Grasim Industries hit a new 52-week and all-time high of Rs 2,957.50 today. The stock has outperformed its sector by 1.15% and has shown consistent gains over the past two days, with a total return of 3.86% during this period. Notably, Grasim is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Additionally, the stock has seen a notable rise in delivery volume, which reached 414,000 on October 27, reflecting an increase of 109.14% compared to the 5-day average. With a market capitalization of Rs 2,00,732.98 crore, Grasim Industries continues to demonstrate robust liquidity, supporting trade sizes of Rs 2.55 crore based on 2% of the 5-day average traded value. Overall, the surge in open interest and positive price movements underscore the stock's current market activity.