Surge in Open Interest Signals Complex Market Dynamics for Page Industries

May 27 2025 03:00 PM IST
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Page Industries Ltd has reported a significant rise in open interest, reaching 19,255 contracts, alongside a trading volume of 9,764. Despite this increase, the stock has underperformed its sector and experienced a decline over the past three days, with a notable drop in delivery volume.
Page Industries Ltd, a prominent player in the Garments & Apparels sector, has experienced a notable increase in open interest today. The latest open interest stands at 19,255 contracts, reflecting a rise of 1,869 contracts or 10.75% from the previous open interest of 17,386. The trading volume for the day reached 9,764, contributing to a futures value of approximately Rs 55,138.14 lakhs and an options value of Rs 1,438,455.20 lakhs, culminating in a total value of Rs 55,201.07 lakhs.

Despite this uptick in open interest, Page Industries has underperformed its sector by 0.57% today, with a 1D return of -1.03%. The stock has been on a downward trend, losing ground for three consecutive days, resulting in a total decline of 2.39% during this period. While the stock's price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day moving average.

Additionally, the stock has seen a significant drop in delivery volume, which fell by 81.82% compared to the 5-day average, indicating a decrease in investor participation. Overall, the increase in open interest amidst these performance metrics highlights a complex market scenario for Page Industries.
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