Surge in Open Interest for Page Industries Signals Shift in Market Dynamics

Aug 08 2025 01:00 PM IST
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Page Industries Ltd has seen a notable rise in open interest, reaching 27,509 contracts, alongside a trading volume of 30,466 contracts. Despite this increase, the stock has underperformed in its sector, experiencing consecutive losses and trading below key moving averages, indicating a bearish trend.
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 27,509 contracts, reflecting a rise of 3,346 contracts or 13.85% from the previous open interest of 24,163. This uptick comes alongside a trading volume of 30,466 contracts, indicating active market engagement.

Despite this surge in open interest, Page Industries has underperformed relative to its sector, with a decline of 1.86% today. The stock has faced consecutive losses over the past two days, accumulating a total return of -3.46%. During today's trading session, the stock reached an intraday low of Rs 43,820, marking a decrease of 4.24% from its previous close.

In terms of moving averages, Page Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Additionally, the delivery volume has decreased by 32.26% compared to the 5-day average, indicating a decline in investor participation. With a market capitalization of Rs 49,395 crore, Page Industries remains a mid-cap entity in the market. Overall, the notable increase in open interest highlights a shift in market dynamics, warranting close observation.
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