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

May 23 2025 01:00 PM IST
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Solar Industries India Ltd has reported a notable rise in open interest, reaching 27,384 contracts, alongside a trading volume of 74,688 contracts. The stock achieved a new all-time high of Rs. 15,291 and demonstrated strong delivery volume, reflecting active market engagement and robust trading activity.
Solar Industries India Ltd, a prominent player in the Other Chemical products sector, has experienced a significant increase in open interest today. The latest open interest stands at 27,384 contracts, reflecting a rise of 4,760 contracts or 21.04% from the previous open interest of 22,624. This surge is accompanied by a trading volume of 74,688 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Solar Industries reached a new 52-week and all-time high of Rs. 15,291 today. The stock's performance aligns closely with its sector, showing a 1D return of 0.15%, compared to a sector return of 0.07% and a Sensex return of 1.11%. Notably, the stock has been 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.

Additionally, the stock has seen a notable increase in delivery volume, with 1.79 lakh shares delivered on May 22, marking a 33.56% rise against the 5-day average delivery volume. With a market capitalization of Rs 1,36,006.55 crore, Solar Industries continues to demonstrate liquidity sufficient for trades of Rs 4.16 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and strong trading metrics highlight the stock's active engagement in the market.
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