Supreme Industries Sees 31.82% Surge in Open Interest to 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, marking a 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 market performance, Supreme Industries has outperformed its sector by 0.34%. However, it 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. The stock recorded a 1D return of -0.76%, while the sector and Sensex reported returns of -1.06% and -0.64%, respectively.

Additionally, the delivery volume on October 29 was 373,000 shares, reflecting a decline of 27.65% compared to the 5-day average. Despite this, the stock remains liquid, with a trade size of Rs 7.26 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Supreme Industries.