Supreme Industries Sees Significant Open Interest Surge Amid Increased Derivatives Activity

Apr 23 2025 02:00 PM IST
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Supreme Industries Ltd has seen a notable rise in open interest, reaching 20,904 contracts, alongside a trading volume of 11,007 contracts, indicating increased activity in the derivatives market. Despite a slight underperformance relative to its sector, the stock maintains strong liquidity and a significant market capitalization.
Supreme Industries Ltd, a prominent player in the plastic products sector, has experienced a significant increase in open interest today. The latest open interest stands at 20,904 contracts, marking a rise of 3,390 contracts or 19.36% from the previous open interest of 17,514. This uptick in open interest coincides with a trading volume of 11,007 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, Supreme Industries has underperformed its sector by 0.49%, with a 1-day return of -0.16%. The stock has seen a trend reversal, falling after two consecutive days of gains. Currently, it is trading above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum.

The stock's liquidity remains robust, with a delivery volume of 185,000 shares on April 22, reflecting a 77.92% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 44,671.54 crore, Supreme Industries continues to hold a significant position in the large-cap segment of the market. Overall, the notable increase in open interest highlights a shift in market dynamics for Supreme Industries, warranting attention from market participants.
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