Supreme Industries Sees 31.82% Surge in Open Interest, Reaching 22,335 Contracts

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 notable rise of 5,392 contracts or 31.82% from the previous open interest of 16,943. This surge coincides with a trading volume of 49,811 contracts, indicating active participation in the market.
In terms of price performance, Supreme Industries has outperformed its sector by 0.53%, with a 1-day return of 0.24%. The stock has traded within a narrow range of Rs 32.7, while its underlying value is reported at Rs 3,814. However, it is important to note that the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a potential trend of declining momentum.

Additionally, the delivery volume on October 30 was recorded at 3.3 lakh shares, which represents a significant decrease of 43.97% compared to the 5-day average delivery volume. Despite these fluctuations, the stock remains liquid enough for a trade size of Rs 7.72 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Supreme Industries, warranting close observation.