Surge in Open Interest Signals Increased Market Activity for Page Industries

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 19,130 contracts, reflecting a rise of 1,826 contracts or 10.55% from the previous open interest of 17,304. This surge comes alongside a trading volume of 30,310 contracts, indicating active market participation.
In terms of price performance, Page Industries has outperformed its sector by 0.39%, marking a consecutive gain over the last three days with a total return of 3.06% during this period. The stock reached an intraday high of Rs 47,385, representing a 4.3% increase. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

However, it is worth noting a decline in delivery volume, which has decreased by 12.96% compared to the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 2.42 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and solid price performance highlight the current dynamics surrounding Page Industries in the market.