Surge in Open Interest Signals Increased Trading Activity for Solar Industries India Ltd.

Apr 17 2025 12:00 PM IST
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Solar Industries India Ltd has seen a notable rise in open interest, reaching 9,407 contracts, alongside a trading volume of 9,832 contracts, indicating increased activity in the derivatives market. The stock has shown strong performance, trading above key moving averages and reflecting heightened investor participation.
Solar Industries India Ltd, a prominent player in the chemicals sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 9,407 contracts, reflecting a rise of 1,048 contracts or 12.54% from the previous OI of 8,359. This uptick in OI coincides with a trading volume of 9,832 contracts, indicating heightened activity in the derivatives market.

In terms of performance, Solar Industries has shown resilience, gaining 12.16% over the past four days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the delivery volume on April 16 reached 45.46 thousand shares, marking a 7.09% increase compared to the 5-day average delivery volume, which underscores rising investor participation.

With a market capitalization of approximately Rs 1,10,415.97 crore, Solar Industries maintains a solid position within the large-cap segment. The stock's liquidity remains favorable, supporting a trade size of Rs 1.49 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Solar Industries India Ltd.
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