Surge in Open Interest Signals Increased Activity for Solar Industries India Ltd.

May 09 2025 03:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 8,559 contracts, alongside a trading volume of 10,437 contracts. The stock is trading near its 52-week high and has outperformed its sector, reflecting strong market activity and a solid upward trend in its performance.
Solar Industries India Ltd, a prominent player in the chemicals sector, has experienced a significant increase in open interest today. The latest open interest stands at 8,559 contracts, reflecting a rise of 911 contracts or 11.91% from the previous open interest of 7,648. This uptick in open interest coincides with a trading volume of 10,437 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, Solar Industries is currently trading just 2.45% below its 52-week high of Rs 13,664. The stock reached an intraday high of Rs 13,514, marking a 3.02% increase for the day. Notably, Solar Industries has outperformed its sector, delivering a 1.86% return compared to the sector's 0.56% and the Sensex's decline of 1.16%.

The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With a market capitalization of Rs 1,20,912.81 crore, Solar Industries maintains a liquid trading environment, suitable for transactions of Rs 0.53 crore based on recent trading volumes. Overall, the increase in open interest and robust trading metrics highlight a notable day for Solar Industries India Ltd.
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