Surge in Open Interest for Pidilite Industries Signals Increased Derivatives Market Activity

Mar 26 2025 03:00 PM IST
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Pidilite Industries Ltd has seen a notable rise in open interest, reaching 30,094 contracts, alongside a trading volume of 18,612 contracts. The stock has outperformed its sector slightly and has shown consistent gains over the past two days, despite a decline in delivery volume. Its market capitalization stands at Rs 1,44,153 crore.
Pidilite Industries Ltd, a prominent player in the FMCG sector, has experienced a significant increase in open interest today. The latest open interest stands at 30,094 contracts, reflecting a rise of 5,569 contracts or 22.71% from the previous open interest of 24,525. This surge in open interest coincides with a trading volume of 18,612 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, Pidilite Industries has outperformed its sector by 0.86%, with a one-day return of 0.49%. The stock has shown consistent gains over the past two days, accumulating a total return of 0.61% during this period. 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.

Despite this positive price movement, there has been a decline in investor participation, with delivery volume dropping by 9.49% compared to the 5-day average. The stock maintains a market capitalization of Rs 1,44,153 crore, affirming its status as a large-cap entity. Overall, the notable increase in open interest for Pidilite Industries highlights a dynamic trading environment, reflecting the stock's current market activity.
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