Page Industries Sees 11.17% Surge in Open Interest to 25,212 Contracts

Page Industries Ltd, a prominent player in the Garments & Apparels sector, has experienced a significant increase in open interest today. The latest open interest stands at 25,212 contracts, reflecting a rise of 2,533 contracts or 11.17% from the previous open interest of 22,679. This uptick coincides with a trading volume of 11,536 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Page Industries is currently trading close to its 52-week low, just 4.84% above the low of Rs 38,850. The stock has underperformed its sector, showing a decline of 1.95% today compared to a sector decline of 0.94%. Over the past two days, the stock has faced consecutive losses, with a total drop of 2.19%. The intraday low reached Rs 40,610, marking a decrease of 2.47%.

Despite these challenges, there has been a notable rise in delivery volume, which increased by 22.89% against the five-day average. The liquidity remains robust, allowing for trades of Rs 1.44 crore based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Page Industries, reflecting ongoing developments in the stock's trading landscape.