Surge in Open Interest Signals Increased Trading Activity for Solar Industries India Ltd
Solar Industries India Ltd has seen a significant rise in open interest, reaching 19,158 contracts, alongside a trading volume of 14,973 contracts. Despite recent price declines, delivery volume has surged by over 61%, indicating increased liquidity and a dynamic trading environment for the company.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a notable increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 19,158 contracts, up from the previous figure of 17,410, marking a change of 1,748 contracts or a percentage increase of 10.04%. The trading volume for the day reached 14,973 contracts, contributing to a total futures value of approximately Rs 36,624.08 lakhs.In terms of price performance, Solar Industries India has underperformed its sector by 2.04%, with the stock experiencing a decline of 5.36% over the past four days. Today, it touched an intraday low of Rs 15,900, reflecting a decrease of 3.65%. The weighted average price indicates that more volume was traded closer to this low price point. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages.
Additionally, there has been a significant rise in delivery volume, which increased by 61.38% compared to the 5-day average, indicating a liquidity level that supports a trade size of Rs 4.68 crore. Overall, the increase in open interest alongside these performance metrics highlights a dynamic trading environment for Solar Industries India Ltd.
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