Grasim Industries Sees 17.45% Surge in Open Interest, Reaching 85,761 Contracts

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 85,761 contracts, reflecting a rise of 12,739 contracts or 17.45% from the previous open interest of 73,022. This surge in open interest comes alongside a trading volume of 31,920 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Grasim Industries is currently trading just 2.16% below its 52-week high of Rs 2,914.5. Despite a slight decline of 0.45% in the stock's price today, it has outperformed its sector, which saw a 1.04% drop. The stock has been on a downward trend for the past two days, with a cumulative decline of 0.62%. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust long-term performance.

Additionally, the delivery volume on October 23 reached 289,000 shares, marking a 33.88% increase compared to the 5-day average, indicating rising investor participation. With a market capitalization of Rs 1,94,063.88 crore, Grasim Industries continues to maintain a strong position in the market. Overall, the notable increase in open interest highlights a shift in market dynamics for Grasim Industries, reflecting active trading behavior among participants.