Supreme Industries Sees 31.82% Surge in Open Interest Amid Increased Trading Activity

Supreme Industries Ltd, a mid-cap player in the Plastic Products - Industrial sector, has experienced a significant increase in open interest today. The latest open interest stands at 22,335 contracts, reflecting a rise of 5,392 contracts or 31.82% from the previous open interest of 16,943. This surge in open interest comes alongside a trading volume of 49,811 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Supreme Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend in the stock's price trajectory. The stock has reported a 1-day return of -0.87%, slightly outperforming the sector's return of -1.09% and the Sensex's return of -0.45%.

Additionally, the delivery volume on October 29 was recorded at 373,000 shares, which marks a decline of 27.65% compared to the 5-day average delivery volume, indicating a drop in investor participation. Despite these challenges, the stock remains liquid enough for trades sized at Rs 7.26 crore, based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Supreme Industries highlights a shift in market dynamics, while the stock's performance metrics reflect ongoing challenges in the current trading environment.