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

Apr 22 2025 02:00 PM IST
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Pidilite Industries Ltd has seen a notable rise in open interest, reaching 24,530 contracts, with a trading volume of 9,060 contracts today. The stock is currently valued at Rs 3,039, and while it is trading above key moving averages, delivery volume has decreased, indicating shifts in market dynamics.
Pidilite Industries Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today. The latest open interest stands at 24,530 contracts, reflecting a rise of 2,679 contracts or 12.26% from the previous open interest of 21,851. The trading volume for the day reached 9,060 contracts, indicating active participation in the market.

In terms of financial metrics, Pidilite Industries is currently trading at an underlying value of Rs 3,039. The total futures value is reported at Rs 35,204.32 lakhs, while the options value is notably high at Rs 3,414,578,987 lakhs, bringing the total value to Rs 35,461.56 lakhs.

Despite this uptick in open interest, Pidilite Industries underperformed its sector by 0.6% today, with a 1D return of 0.65%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the short to medium term. However, delivery volume has decreased by 15.85% compared to the 5-day average, suggesting a decline in investor participation.

Overall, the notable increase in open interest highlights a shift in market dynamics for Pidilite Industries, reflecting changing trading behaviors without indicating future price movements.
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