Surge in Open Interest Signals Shifting Market Dynamics for Supreme Industries Ltd

Mar 26 2025 02:00 PM IST
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Supreme Industries Ltd has seen a notable rise in open interest, reaching 17,327 contracts, alongside a trading volume of 6,932 contracts. Despite this increase, the stock is trading near its 52-week low and has experienced a decline over the past two days, with significantly reduced delivery volume.
Supreme Industries Ltd, a prominent player in the plastic products sector, has experienced a significant increase in open interest today. The latest open interest stands at 17,327 contracts, reflecting a rise of 1,769 contracts or 11.37% from the previous open interest of 15,558. The trading volume for the day reached 6,932 contracts, contributing to a total futures value of approximately Rs 19,479.50 lakhs and an options value of around Rs 1,078,942.06 lakhs, culminating in a total value of Rs 19,598.55 lakhs.

In terms of price performance, Supreme Industries is currently trading close to its 52-week low, just 4.14% above the low of Rs 3,281. The stock has faced challenges recently, with a decline of 2.31% over the past two days, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, delivery volume has decreased significantly, falling by 67.65% compared to the 5-day average.

Overall, the notable increase in open interest amid a backdrop of declining stock performance highlights the current dynamics surrounding Supreme Industries in the market.
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