Pidilite Industries Sees 16.29% Surge in Open Interest Amid Stock Decline

Sep 29 2025 02:00 PM IST
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Pidilite Industries Ltd has seen a notable rise in open interest, reaching 31,312 contracts, alongside a trading volume of 11,989 contracts, indicating increased activity in the derivatives market. Despite this, the company's stock has faced recent declines and is trading below key moving averages, reflecting a bearish trend.
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 31,312 contracts, reflecting a rise of 4,387 contracts or 16.29% from the previous open interest of 26,925. This uptick in open interest comes alongside a trading volume of 11,989 contracts, indicating heightened activity in the derivatives market.

Despite this surge in open interest, Pidilite Industries has faced challenges in its stock performance, having recorded a decline of 0.53% today. Over the past three days, the stock has seen a cumulative drop of 3.39%. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

The company's market capitalization is approximately Rs 1,49,298.65 crore, positioning it firmly within the large-cap category. Additionally, the stock's liquidity remains robust, with a delivery volume of 4.73 lakh shares on September 26, which is 51.39% higher than the 5-day average delivery volume. Overall, the notable increase in open interest highlights a shift in market dynamics for Pidilite Industries, amidst its recent stock performance challenges.
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