UPL Ltd. Sees Significant Surge in Open Interest Amidst Active Derivatives Trading

Apr 21 2025 02:00 PM IST
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UPL Ltd., a key player in the Pesticides & Agrochemicals sector, has seen a notable rise in open interest, reaching 38,684 contracts. This increase accompanies a trading volume of 30,588 contracts. The stock is trading close to its 52-week high and shows strong momentum, despite a decline in delivery volume.
UPL Ltd., a prominent player in the Pesticides & Agrochemicals industry, has experienced a significant increase in open interest today. The latest open interest stands at 38,684 contracts, reflecting a rise of 4,431 contracts or 12.94% from the previous open interest of 34,253. This uptick coincides with a trading volume of 30,588 contracts, indicating robust activity in the derivatives market.

In terms of price performance, UPL is currently trading just 1.11% away from its 52-week high of Rs 671.3, having outperformed its sector by 0.54% today. The stock has shown strong momentum, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is noteworthy that delivery volume has decreased by 34.86% compared to the 5-day average, with a reported delivery volume of 7.6 lakh shares on April 17.

With a market capitalization of Rs 49,968 crore, UPL Ltd. remains a liquid stock, suitable for trades around Rs 2.03 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for UPL Ltd. without indicating future trends.
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