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

Apr 01 2025 02:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 7,121 contracts, alongside a trading volume of 6,028 contracts, indicating increased market activity. The company has outperformed its sector and is trading above key moving averages, reflecting a strong price trend and heightened investor participation.
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 7,121 contracts, up from the previous 5,957 contracts, marking a change of 1,164 contracts or a 19.54% increase. The trading volume for the day reached 6,028 contracts, indicating robust market engagement.

In terms of financial performance, Solar Industries has outperformed its sector by 0.52% today. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory. Notably, the delivery volume on March 28 was 62.67 thousand, which represents a 10.15% increase compared to the 5-day average delivery volume, highlighting rising investor participation.

With a market capitalization of Rs 1,02,740.00 crore, Solar Industries operates within the chemicals industry and maintains a liquid trading environment, suitable for transactions of Rs 2.43 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest underscores the stock's active trading status in the market.
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