Surge in Open Interest Signals Increased Trading Activity for Solar Industries India Ltd
Solar Industries India Ltd has seen a notable rise in open interest, reaching 9,981 contracts, alongside a trading volume of 9,377 contracts. The stock achieved a new all-time high of Rs 14,339 and has shown consistent gains, indicating strong market activity despite a decline in delivery volume.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 9,981 contracts, up from the previous 9,073 contracts, marking a change of 908 contracts or a 10.01% increase. The trading volume for the day reached 9,377 contracts, contributing to a total future value of approximately Rs 19,525.39 lakhs and an options value of around Rs 8,282.42 crores.In terms of price performance, Solar Industries reached a new 52-week and all-time high of Rs 14,339, reflecting a 3.31% increase during the trading session. The stock has outperformed its sector by 0.97% and has shown consistent gains over the past four days, accumulating a total return of 6.42% in this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite a decline in delivery volume, which fell by 33.6% compared to the 5-day average, the stock remains liquid enough for trades of Rs 2.27 crores based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and robust price performance underscores the stock's active market presence.
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