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

May 21 2025 02:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 18,047 contracts, alongside a trading volume of 87,495 contracts, indicating strong market activity. The stock is near its 52-week high and has shown resilience, outperforming its sector and the Sensex despite a slight decline in delivery volume.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a significant increase in open interest today, with the latest open interest recorded at 18,047 contracts, up from the previous 15,570 contracts. This represents a change of 2,477 contracts, or a 15.91% increase. The trading volume for the day reached 87,495 contracts, indicating robust activity in the market.

In terms of price performance, Solar Industries is currently trading close to its 52-week high, just 0.99% away from the peak of Rs 14,339. The stock has shown resilience, gaining 5.32% today, outperforming its sector, which saw a return of 1.41%, and the Sensex, which returned 0.40%. Notably, the stock has reversed its trend after two consecutive days of decline, reaching an intraday high of Rs 14,306, marking a 6.06% increase.

Despite a slight decline in delivery volume, which fell by 8% against the five-day average, Solar Industries remains liquid, with a market capitalization of Rs 1,28,550.17 crore. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. Overall, the notable increase in open interest reflects heightened trading activity and interest in Solar Industries India Ltd.
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