Surge in Open Interest Signals Increased Market Activity for Aarti Industries

Aarti Industries Ltd., a mid-cap player in the chemicals sector, has experienced a notable increase in open interest (OI) today. The latest OI stands at 28,741 contracts, reflecting a rise of 3,382 contracts or 13.34% from the previous OI of 25,359. This surge in OI comes alongside a trading volume of 21,857 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Aarti Industries has underperformed its sector by 1.74%, with a 1D return of -1.13%. The stock has been on a downward trend, recording a consecutive fall over the last two days, resulting in a total decline of 2.21% during this period. While the stock is currently trading above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation appears to be waning, as evidenced by a delivery volume of 2.96 lakh on March 7, which has decreased by 55.82% compared to the 5-day average. Despite these challenges, the stock maintains sufficient liquidity for trades sized at Rs 0.93 crore, with a market capitalization of Rs 14,562.42 crore. Overall, the increase in open interest highlights a significant shift in market dynamics for Aarti Industries.