Page Industries Sees Significant Open Interest Surge Amid Active Market Participation
Page Industries Ltd has seen a notable rise in open interest, reaching 19,300 contracts, alongside a trading volume of 36,840 contracts, indicating active market engagement. The stock has outperformed its sector and is trading above several moving averages, despite a decline in delivery volume. The company maintains a substantial market capitalization.
Page Industries Ltd, a prominent player in the Garments & Apparels industry, has experienced a significant increase in open interest today. The latest open interest stands at 19,300 contracts, reflecting a rise of 1,996 contracts or 11.53% from the previous open interest of 17,304. This uptick in open interest coincides with a trading volume of 36,840 contracts, indicating active market participation.In terms of price performance, Page Industries has outperformed its sector by 0.36%, marking a consecutive gain over the last three days with a total return of 2.46% during this period. The stock reached an intraday high of Rs 47,385, representing a 4.3% increase. Additionally, the stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.
Despite a decline in delivery volume, which fell by 12.96% against the 5-day average, Page Industries maintains a market capitalization of Rs 51,837 crore, categorizing it as a large-cap stock. The liquidity remains adequate for trades sized at Rs 2.42 crore, reflecting a stable trading environment. Overall, the notable increase in open interest highlights a dynamic trading session for Page Industries.
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