Surge in Open Interest for Pidilite Industries Signals Increased Market Activity

Mar 26 2025 02:00 PM IST
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Pidilite Industries Ltd has seen a notable rise in open interest in its derivatives market, reaching 29,019 contracts. This increase aligns with a trading volume of 15,961 contracts and a total futures value of approximately Rs 56,476.73 lakhs, indicating heightened market activity and engagement.
Pidilite Industries Ltd, a prominent player in the FMCG sector, has recently experienced a significant increase in open interest (OI), indicating heightened activity in its derivatives market. The latest OI stands at 29,019 contracts, reflecting a notable rise of 4,494 contracts or 18.32% from the previous OI of 24,525. This surge coincides with a trading volume of 15,961 contracts, contributing to a total futures value of approximately Rs 56,476.73 lakhs.

In terms of price performance, Pidilite Industries has outperformed its sector by 1.32%, with a 1.09% return on the day. The stock has shown consistent gains over the past two days, accumulating a total return of 1.08%. While the stock's current price is above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages, indicating mixed trends in its longer-term performance.

Despite a decline in delivery volume by 9.49% against the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 2.19 crore, reflecting its robust market position. Overall, the increase in open interest for Pidilite Industries highlights a dynamic trading environment, underscoring the stock's active engagement in the market.
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