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

Apr 29 2025 03:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 7,366 contracts, alongside a trading volume of 9,773 contracts. The stock achieved a new all-time high of Rs 13,664, demonstrating strong performance and liquidity in the chemicals sector, with significant trading activity today.
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 7,366 contracts, up from the previous 6,319 contracts, marking a change of 1,047 contracts or a 16.57% increase. The trading volume for the day reached 9,773 contracts, contributing to a total futures value of approximately Rs 22,802.81 lakhs.

In terms of price performance, Solar Industries hit a new 52-week and all-time high of Rs 13,664, representing a 4.12% increase during the trading session. The stock has outperformed its sector by 1.93% and has shown consistent gains over the past two days, accumulating a total return of 5.43%. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

With a market capitalization of Rs 1,21,926.30 crore, Solar Industries remains a prominent player in the chemicals industry. The stock's liquidity is also noteworthy, with a delivery volume of 49.12k on April 28, reflecting a 10.53% increase compared to the 5-day average. Overall, the notable rise in open interest and robust trading metrics underscore the stock's active market presence today.
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