Pidilite Industries Sees Significant Surge in Open Interest Amid Active Derivatives Trading

Apr 23 2025 01:00 PM IST
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Pidilite Industries Ltd has seen a notable rise in open interest, reaching 26,155 contracts, alongside a trading volume of 8,729 contracts, indicating active market engagement. The stock has shown resilience, trading above key moving averages, while delivery volume has decreased, suggesting varied investor participation.
Pidilite Industries Ltd (symbol: PIDILITIND), a prominent player in the FMCG sector, has experienced a significant increase in open interest today. The latest open interest stands at 26,155 contracts, reflecting a rise of 3,497 contracts or 15.43% from the previous open interest of 22,658. This uptick in open interest coincides with a trading volume of 8,729 contracts, indicating active participation in the derivatives market.

In terms of price performance, Pidilite Industries has shown resilience, gaining 0.98% over the last two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory. However, it is noteworthy that the delivery volume has decreased by 24.59% compared to the 5-day average, indicating a potential decline in investor participation.

With a market capitalization of Rs 1,55,341.33 crore, Pidilite Industries continues to maintain a solid position in the FMCG industry. The total futures and options value is reported at Rs 43,685.43 lakhs, with an underlying value of Rs 3,050. Overall, the notable increase in open interest highlights a dynamic trading environment for Pidilite Industries, reflecting ongoing market activity without indicating future price movements.
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