Pidilite Industries Sees Surge in Open Interest Amid Increased Market Activity

Apr 23 2025 02:00 PM IST
share
Share Via
Pidilite Industries Ltd has seen a notable rise in open interest, indicating increased trading activity. The stock has outperformed its sector and demonstrated consistent gains over the past two days. Despite a decline in delivery volume, it remains liquid, reflecting a shift in market dynamics for the company.
Pidilite Industries Ltd (NSE: PIDILITIND) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 26,734 contracts, up from the previous figure of 22,658, marking a change of 4,076 contracts or a 17.99% increase. The trading volume for the day reached 10,299 contracts, contributing to a futures value of approximately Rs 51,512 lakhs.

In terms of performance, Pidilite Industries has outperformed its sector by 0.31%, with a 1D return of 0.93%. The stock has shown consistent gains over the past two days, accumulating a total return of 1.3% 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 in its price trajectory.

However, it is worth noting a decline in investor participation, as the delivery volume on April 22 fell by 24.59% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 1.38 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest alongside the stock's performance metrics highlights a notable shift in market dynamics for Pidilite Industries.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News