Surge in Open Interest Signals Increased Trading Activity for Solar Industries
Solar Industries India Ltd has seen a significant rise in open interest, reaching 9,719 contracts, alongside a trading volume of 12,157 contracts. The stock has gained 0.68% today and has shown consistent upward movement over the past four days, reflecting strong performance and improved liquidity in the market.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 9,719 contracts, up from the previous 8,359 contracts, marking a change of 1,360 contracts or a 16.27% increase. The trading volume for the day reached 12,157 contracts, contributing to a total futures value of approximately Rs 11,486.92 lakhs.In terms of price performance, Solar Industries has shown resilience, gaining 0.68% today, while the broader sector recorded a 0.30% increase. The stock has been on an upward trajectory, achieving consecutive gains over the last four days, with a total return of 12% during this period. Notably, Solar Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its historical price trends.
Additionally, the stock's delivery volume of 45.46 thousand on April 16 has increased by 7.09% compared to the 5-day average, suggesting improved liquidity. With a market capitalization of Rs 1,10,497.41 crore, Solar Industries continues to maintain a solid position within the chemicals industry. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.
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