Pidilite Industries Sees Significant Surge in Open Interest Amid Active Market Participation

Pidilite Industries Ltd, a prominent player in the specialty chemicals sector, has experienced a significant increase in open interest today. The latest open interest stands at 21,533 contracts, reflecting a rise of 1,998 contracts or 10.23% from the previous open interest of 19,535. This uptick in open interest comes alongside a trading volume of 8,939 contracts, indicating active participation in the market.
In terms of price performance, Pidilite Industries reported a 1D return of 0.92%, which is slightly below the sector's return of 0.97% and the Sensex's return of 0.84%. The stock's performance is currently in line with its sector, and it is 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 slight decline in delivery volume, which fell by 2.44% against the 5-day average, the stock maintains sufficient liquidity for trading, with a market cap of Rs 1,53,289 crore. The total futures value is reported at Rs 35,610.10 lakhs, while the underlying value is at Rs 3,024. This notable activity in open interest underscores the ongoing dynamics within Pidilite Industries as it navigates the specialty chemicals market.