Surge in Open Interest Signals Increased Trading Activity for Page Industries
Page Industries Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 19,605 contracts. The stock has outperformed its sector and is trading above key moving averages, although investor participation has declined, as reflected in a drop in delivery volume.
Page Industries Ltd, a prominent player in the lifestyle sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 19,605 contracts, up from the previous 17,431, marking a change of 2,174 contracts or a 12.47% increase. The trading volume for the day reached 13,494 contracts, contributing to a futures value of approximately Rs 66,902.48 lakhs.In terms of price performance, Page Industries has outperformed its sector by 0.35%, with the stock hitting an intraday high of Rs 46,360, representing a 2.27% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory.
However, it is noteworthy that investor participation has seen a decline, with delivery volume dropping by 25.76% compared to the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 1.76 crore, based on 2% of the 5-day average traded value. Overall, the surge in open interest highlights a notable shift in market dynamics for Page Industries.
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