Grasim Industries Sees 29.35% Surge in Open Interest, Reaching 94,454 Contracts
Grasim Industries Ltd has reported a significant rise in open interest, reaching 94,454 contracts, alongside a trading volume of 54,399 contracts. The stock is performing well, trading close to its 52-week high and above key moving averages, while also seeing an increase in delivery volume.
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 94,454 contracts, marking a notable rise of 21,432 contracts or 29.35% from the previous open interest of 73,022. The trading volume for the day reached 54,399 contracts, contributing to a total futures value of approximately Rs 295,954.69 lakhs.In terms of price performance, Grasim Industries is currently trading just 2.33% away from its 52-week high of Rs 2,914.50. Despite a slight decline of 0.79% over the last two days, the stock has outperformed its sector by 0.76% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.
Additionally, the stock has seen a rise in delivery volume, with 289,000 shares delivered on October 23, reflecting a 33.88% increase compared to the 5-day average. Grasim Industries maintains a market capitalization of Rs 1,93,335.73 crore, affirming its status as a large-cap entity. Overall, the surge in open interest highlights a notable shift in market dynamics for Grasim Industries.
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