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

May 16 2025 03:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 10,438 contracts, alongside a trading volume of 12,362 contracts. The stock achieved a new all-time high of Rs 14,339, reflecting strong bullish momentum despite a decline in delivery volume. The market capitalization stands at Rs 1,27,292.36 crore.
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 10,438 contracts, up from the previous 9,073, marking a change of 1,365 contracts or a 15.04% increase. The trading volume for the day reached 12,362 contracts, contributing to a total futures value of approximately Rs 26,121 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 0.42% and has shown a consistent upward trend, gaining 5.92% over the past four days. Currently, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish momentum.

Despite a notable drop in delivery volume, which fell by 33.6% against the 5-day average, the stock remains liquid enough for trades sized at Rs 2.27 crore, with a market capitalization of Rs 1,27,292.36 crore. Overall, the increase in open interest and robust price performance underscores the stock's active trading environment today.
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