Supreme Industries Sees 31.82% Surge in Open Interest to 22,335 Contracts
Supreme Industries Ltd has seen a significant rise in open interest, reaching 22,335 contracts, alongside a trading volume of 49,811 contracts, indicating increased activity in the derivatives market. Despite a decline in delivery volume and trading below key moving averages, the company's liquidity remains adequate.
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, marking 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 heightened activity in the derivatives market.In terms of financial performance, Supreme Industries has outperformed its sector by 0.29% today, despite a 1D return of -0.77%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Additionally, the delivery volume has seen a decline of 27.65% compared to the 5-day average, with a total delivery volume of 373,000 shares recorded on October 29.
The liquidity of Supreme Industries remains adequate, with a trade size of Rs 7.26 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest reflects a notable shift in market dynamics for Supreme Industries, warranting attention from market participants.
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