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

May 16 2025 02:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 10,373 contracts amid increased trading activity. The stock achieved a new all-time high of Rs 14,339, reflecting strong performance and consistent gains over the past four days, despite a decline in delivery volume.
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 10,373 contracts, up from the previous 9,073 contracts, marking a change of 1,300 contracts or a 14.33% increase. The trading volume for the day reached 11,839 contracts, contributing to a total futures value of approximately Rs 25,217 lakhs.

In terms of price performance, Solar Industries hit a new 52-week and all-time high of Rs 14,339, representing a 3.31% increase during the trading session. The stock has outperformed its sector by 0.76% and has shown consistent gains over the past four days, accumulating a total return of 6.33%. Additionally, Solar Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite a decline in delivery volume by 33.6% compared to the 5-day average, the stock remains liquid enough for trades of Rs 2.27 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and robust price performance underscores the stock's active trading environment today.
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