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, indicating increased trading activity. The stock is trading close to its 52-week high and has outperformed its sector. Additionally, it remains above key moving averages, reflecting a strong upward trend and robust liquidity.
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 8,589 contracts, up from the previous 7,648 contracts, 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 Rs 4,618.52 lakhs, bringing the total to Rs 17,236.65 lakhs.In terms of price performance, Solar Industries is currently trading just 2.3% away from its 52-week high of Rs 13,664. The stock has outperformed its sector by 1.75% today, with an intraday high of Rs 13,419, reflecting a gain of 2.29%. Additionally, Solar Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock's liquidity remains robust, with a delivery volume of 41.37k on May 8, which is 0.71% higher than the 5-day average.
In summary, the notable rise in open interest for Solar Industries India Ltd underscores the stock's active trading environment, complemented by solid price performance metrics.
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