Surge in Open Interest Signals Increased Activity for Solar Industries Amid Market Challenges

Aug 01 2025 12:00 PM IST
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Solar Industries India Ltd has seen a significant rise in open interest, reaching 15,127 contracts, alongside a trading volume of 11,040 contracts. Despite this increase, the stock has underperformed its sector and continues a downward trend, with notable changes in moving averages and delivery volume.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a notable increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 15,127 contracts, up from the previous open interest of 13,452 contracts, marking a change of 1,675 contracts or a 12.45% increase. The trading volume for the day reached 11,040 contracts, contributing to a futures value of approximately Rs 19,700.37 lakhs.

Despite this surge in open interest, the stock has underperformed its sector by 0.85%, continuing a downward trend with a decline of 3.19% over the past three days. The stock touched an intraday low of Rs 13,631, reflecting a decrease of 4.14% at its lowest point. The weighted average price indicates that more volume was traded closer to this low price.

In terms of moving averages, the stock is currently above the 100-day and 200-day averages but below the 5-day, 20-day, and 50-day averages. Additionally, delivery volume has seen a significant rise, increasing by 113.61% compared to the 5-day average, indicating a liquidity level sufficient for trades up to Rs 3.81 crore. Overall, the increase in open interest highlights a shift in market dynamics for Solar Industries India Ltd, amidst a challenging trading environment.
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