Pidilite Industries Sees Significant Surge in Open Interest, Indicating Market Dynamics Shift

Apr 24 2025 01:00 PM IST
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Pidilite Industries Ltd has seen a significant rise in open interest, reaching 25,447 contracts, alongside a trading volume of 7,429 contracts. The company maintains a strong market position, trading above key moving averages, despite a slight decline in price and a decrease in delivery volume compared to recent averages.
Pidilite Industries Ltd, a prominent player in the FMCG sector, has experienced a notable increase in open interest today. The latest open interest stands at 25,447 contracts, reflecting a rise of 2,427 contracts or 10.54% from the previous open interest of 23,020. The trading volume for the day reached 7,429 contracts, contributing to a futures value of approximately Rs 33,108.05 lakhs.

In terms of price performance, Pidilite Industries has outperformed its sector by 1.47%, although it has recorded a slight decline of 0.14% over the last day. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. However, it is worth noting that delivery volume has decreased by 12.56% compared to the 5-day average, with a total delivery volume of 1.23 lakhs on April 23.

With a market capitalization of Rs 1,55,666.86 crore, Pidilite Industries continues to maintain a liquid trading environment, suitable for transactions around Rs 1.23 crore. Overall, the increase in open interest highlights a significant shift in market dynamics for the company.
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