Pidilite Industries Sees Surge in Open Interest Amid Increased Trading Activity

Apr 24 2025 02:00 PM IST
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Pidilite Industries Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 26,361 contracts. The stock has outperformed its sector and demonstrated consistent gains over the past three days, although investor participation has declined. The stock remains liquid, reflecting its strong market position.
Pidilite Industries Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 26,361 contracts, up from the previous 23,020, marking a change of 3,341 contracts or a 14.51% increase. The trading volume for the day reached 8,914 contracts, contributing to a futures value of approximately Rs 40,191.95 lakhs.

In terms of price performance, Pidilite Industries has outperformed its sector by 1.77%, with a 1D return of 0.38%. The stock has shown consistent gains over the past three days, accumulating a total return of 1.84% during this period. Notably, Pidilite is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is worth mentioning that investor participation has seen a decline, with delivery volume dropping by 12.56% compared to the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 1.23 crore, reflecting its robust market position. Overall, the notable increase in open interest highlights the dynamic trading environment surrounding Pidilite Industries.
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