Piramal Enterprises Sees Surge in Open Interest Amid Increased Trading Activity

Apr 21 2025 02:00 PM IST
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Piramal Enterprises Ltd has seen a significant rise in open interest, indicating increased trading activity, with current figures at 19,738 contracts. The stock has outperformed its sector and reached an intraday high of Rs 1,027. The company maintains strong liquidity and a market capitalization of Rs 22,862 crore.
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 19,738 contracts, up from the previous 15,551, marking a notable change of 4,187 contracts or 26.92%. The trading volume for the day reached 19,302 contracts, contributing to a futures value of approximately Rs 63,254.14 lakhs.

In terms of price performance, Piramal Enterprises has outperformed its sector by 0.53%, with the stock gaining 8.01% over the past five days. Today, it reached an intraday high of Rs 1,027, reflecting a 3.21% increase. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day averages.

Additionally, the Finance/NBFC sector has seen a gain of 2.22%, while Piramal's delivery volume surged to 2.03 lakh shares, an increase of 87.17% compared to the 5-day average. With a market capitalization of Rs 22,862 crore, Piramal Enterprises continues to demonstrate robust liquidity, making it a notable entity in the financial landscape. Overall, the increase in open interest and trading volume highlights the stock's active engagement in the market today.
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