Piramal Enterprises Sees Surge in Open Interest Amid Increased Trading Activity

Apr 21 2025 11:00 AM IST
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Piramal Enterprises Ltd has seen a notable rise in open interest, reaching 18,581 contracts, alongside a trading volume of 7,729 contracts. The stock has outperformed its sector, gaining 2.54% on the day and showing a strong upward trend over the past week, indicating robust trading activity.
Piramal Enterprises Ltd (PEL), a prominent player in the Finance/NBFC sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 18,581 contracts, marking a notable rise of 3,030 contracts or 19.48% from the previous open interest of 15,551. The trading volume for the day reached 7,729 contracts, contributing to a total futures value of approximately Rs 35,222.76 lakhs.

In terms of price performance, Piramal Enterprises has outperformed its sector by 0.75%, with the stock gaining 2.54% on the day. Over the past five days, the stock has shown a consistent upward trend, accumulating a total return of 7.37%. The stock reached an intraday high of Rs 1,020, reflecting a 2.5% increase.

Additionally, the stock's delivery volume on April 17 was recorded at 2.03 lakh shares, which is an impressive 87.17% increase compared to the five-day average. This indicates a robust liquidity position, with the stock being liquid enough for a trade size of Rs 0.49 crore.

Overall, the surge in open interest and the stock's recent performance underscore a dynamic trading environment for Piramal Enterprises.
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