Surge in Open Interest for Solar Industries Signals Active Derivatives Market Engagement

May 09 2025 11:00 AM IST
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Solar Industries India Ltd has seen a notable rise in open interest, indicating increased activity in the derivatives market. The stock is trading close to its 52-week high and has outperformed its sector, with strong performance metrics and rising delivery volumes reflecting a robust position in the chemicals sector.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 8,589 contracts, up from the previous figure of 7,648, marking a change of 941 contracts or a 12.3% increase. The trading volume for the day reached 5,969 contracts, contributing to a total futures value of approximately Rs 16,117.64 lakhs and an options value of around Rs 46,185.20 lakhs, bringing the total to Rs 17,236.65 lakhs.

In terms of price performance, Solar Industries is currently trading just 2.2% below its 52-week high of Rs 13,664. The stock has outperformed its sector by 1.84% today, with an intraday high of Rs 13,419, reflecting a 2.29% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume has also seen a rise, with 41.37k shares delivered on May 8, up 0.71% compared to the 5-day average.

In summary, the notable increase in open interest for Solar Industries India Ltd highlights active trading dynamics, while the stock's performance metrics indicate a robust position within the chemicals sector.
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