Piramal Enterprises Sees Surge in Open Interest Amid Increased Trading Activity

Apr 21 2025 12:00 PM IST
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Piramal Enterprises Ltd has seen a significant rise in open interest, reaching 19,486 contracts, alongside a trading volume of 10,852 contracts. The stock has outperformed its sector, gaining 2.76% today, with delivery volume increasing substantially, indicating strong market engagement and liquidity.
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 19,486 contracts, marking a notable rise of 3,935 contracts or 25.3% from the previous open interest of 15,551. The trading volume for the day reached 10,852 contracts, contributing to a total futures value of approximately Rs 49,033.73 lakhs and an options value of Rs 34,427.19 crores.

In terms of price performance, Piramal Enterprises has outperformed its sector by 0.7%, with the stock gaining 2.76% on the day. Over the past five days, the stock has shown a consistent upward trend, accumulating a total return of 7.78%. Today, it reached an intraday high of Rs 1,025, reflecting a 3% increase. The stock's current price is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages.

Additionally, delivery volume has surged to 203,000 shares, an increase of 87.17% compared to the 5-day average, indicating robust liquidity for trades around Rs 0.49 crore. Overall, the notable rise in open interest and strong trading metrics highlight the active engagement in Piramal Enterprises' stock today.
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