Grasim Industries Sees Surge in Open Interest Amid Increased Trading Activity

Grasim Industries Ltd, a prominent player in the Cement & Cement Products industry, has experienced a significant increase in open interest today. The latest open interest stands at 76,623 contracts, reflecting a rise of 10,909 contracts or 16.6% from the previous open interest of 65,714. This uptick coincides with a trading volume of 54,979 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 3.56% away from Rs 2,877.75. The stock has shown consistent gains over the past five days, with a total return of 4.02%. Today, it reached an intraday high of Rs 2,801.80, marking a 2.87% increase. Notably, 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 has seen a notable rise, with 462,000 shares delivered on June 23, up 27.64% compared to the 5-day average. With a market capitalization of Rs 1,88,943.73 crore, Grasim Industries continues to demonstrate robust liquidity, supporting trade sizes of Rs 3.45 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.