Exide Industries Sees Significant Open Interest Surge Amid Mixed Trading Environment

Mar 26 2025 03:00 PM IST
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Exide Industries Ltd has seen a significant rise in open interest, reaching 32,479 contracts, alongside a trading volume of 56,037 contracts. The stock has outperformed its sector and is currently above its 5-day and 20-day moving averages, despite a decline in delivery volume and mixed trading conditions.
Exide Industries Ltd (symbol: EXIDEIND), a prominent player in the batteries industry, has experienced a significant increase in open interest today. The latest open interest stands at 32,479 contracts, marking a notable rise of 6,917 contracts or 27.06% from the previous open interest of 25,562. This surge coincides with a trading volume of 56,037 contracts, reflecting robust activity in the derivatives market.

In terms of price performance, Exide Industries has outperformed its sector by 0.66%, reaching an intraday high of Rs 374.7, which represents a 4.03% increase. The stock is currently positioned above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

Despite this positive price movement, there has been a decline in investor participation, with delivery volume dropping by 4.79% compared to the 5-day average, totaling 12.64 lakh shares on March 25. The stock maintains a market capitalization of Rs 31,246 crore, categorizing it as a large-cap entity.

In summary, the notable increase in open interest for Exide Industries highlights a shift in market dynamics, while the stock's performance metrics reflect a mixed trading environment.
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