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

Apr 01 2025 01:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 7,104 contracts, alongside a trading volume of 5,845 contracts. The stock is performing well, trading above key moving averages, with increased delivery volume indicating heightened investor interest. The company maintains a strong market capitalization of Rs 1,02,740.00 crore.
Solar Industries India Ltd (symbol: SOLARINDS) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 7,104 contracts, up from the previous 5,957, marking a change of 1,147 contracts or a 19.25% increase. The trading volume for the day reached 5,845 contracts, contributing to a total futures value of approximately Rs 9,916.48 lakhs and an options value of around Rs 4,122.84 crores, bringing the total value to Rs 10,926.00 lakhs.

In terms of price performance, Solar Industries has outperformed its sector by 0.52%. 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. Additionally, the delivery volume on March 28 was recorded at 62.67 thousand, which is a 10.15% increase compared to the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 1,02,740.00 crore, Solar Industries continues to maintain a solid position within the chemicals industry. Overall, the notable increase in open interest highlights a dynamic trading environment for the stock.
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