Surge in Open Interest for Asian Paints Signals Shift in Market Dynamics
Asian Paints Ltd. has seen a notable rise in open interest, reaching 120,658 contracts, alongside a trading volume of 87,457 contracts. Despite recent gains, the stock has underperformed its sector and experienced a decline in delivery volume. The company maintains a significant market capitalization in the paints industry.
Asian Paints Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 120,658 contracts, up from the previous figure of 106,188, marking a change of 14,470 contracts or a percentage increase of 13.63%. The trading volume for the day reached 87,457 contracts, contributing to a total futures value of approximately Rs 191,226.53 lakhs.In terms of price performance, Asian Paints has underperformed its sector by 0.82%, with a 1D return of -0.79%. This comes after a three-day streak of gains, indicating a trend reversal. The stock is currently positioned above its 5-day, 20-day, 50-day, and 100-day moving averages, yet remains below its 200-day moving average. Additionally, delivery volume has seen a decline, with a reported 5.08 lakh shares delivered on April 17, down 25.76% compared to the 5-day average.
With a market capitalization of Rs 2,34,859.58 crore, Asian Paints continues to maintain a strong presence in the paints industry. The increase in open interest today highlights a shift in market dynamics, underscoring the stock's current trading activity.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
