Grasim Industries Sees 23.25% Surge in Open Interest Amid Increased Trading Activity
Grasim Industries Ltd has seen a significant rise in open interest, reaching 90,001 contracts, alongside a trading volume of 42,419 contracts. The stock is near its 52-week high and has experienced increased delivery volume, indicating heightened trading activity and a shift in market dynamics for the company.
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 90,001 contracts, reflecting a notable rise of 16,979 contracts or 23.25% from the previous open interest of 73,022. This surge coincides with a trading volume of 42,419 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 2.71% away from Rs 2,914.5. Despite this, the stock has faced a slight decline of 1.15% over the past two days, underperforming the sector, which has seen a 1.31% drop. The stock's performance today has outpaced the sector by 0.37%, showcasing its relative strength.
Additionally, Grasim's delivery volume on October 23 reached 289,000 shares, marking a 33.88% increase compared to the five-day average. The stock remains liquid, with a market cap of Rs 1,92,587.15 crore, positioning it well within the large-cap category. Overall, the increase in open interest highlights a notable shift in market dynamics for Grasim Industries, reflecting active trading behavior among market participants.
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