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

Apr 01 2025 12:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 7,042 contracts, indicating increased activity in the derivatives market. The stock is trading above multiple moving averages, reflecting a strong upward trend, while delivery volume also shows significant growth, highlighting robust trading engagement.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 7,042 contracts, up from the previous 5,957 contracts, marking a change of 1,085 contracts or an 18.21% increase. The trading volume for the day reached 5,060 contracts, contributing to a total futures value of approximately Rs 8,667.16 lakhs.

In terms of price performance, Solar Industries has outperformed its sector by 0.46%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price trajectory. Additionally, the delivery volume on March 28 was recorded at 62.67 thousand shares, reflecting a 10.15% increase compared to the 5-day average delivery volume, suggesting robust trading activity.

Despite a 1D return of -0.69%, the stock's liquidity remains favorable, with a trading capacity sufficient for a trade size of Rs 2.43 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest for Solar Industries India Ltd highlights a dynamic trading environment, underscoring the stock's active participation in the market.
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