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, reflecting a notable rise of 5,392 contracts or 31.82% from the previous open interest of 16,943 contracts. This surge comes alongside a trading volume of 49,811 contracts, indicating active market engagement.
In terms of financial metrics, the total futures value is reported at Rs 65,719.71 lakhs, while the options value is substantially higher at Rs 27,920.13 crore, bringing the total value to Rs 69,593.98 lakhs. The underlying value of the stock is noted at Rs 3,814.

Despite the uptick in open interest, Supreme Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position. Additionally, the stock's 1-day return is recorded at -0.31%, contrasting with a slight gain in the sector and the broader Sensex.

In summary, the increase in open interest for Supreme Industries highlights a shift in market dynamics, even as the stock faces downward pressure relative to its moving averages.