Surge in Open Interest for Supreme Industries Signals Shift in Market Dynamics

Mar 26 2025 03:00 PM IST
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Supreme Industries Ltd has seen a significant rise in open interest, reaching 17,832 contracts, alongside a trading volume of 8,984 contracts. Despite this increase, the stock is trading below key moving averages and has experienced consecutive declines, indicating a challenging trading environment.
Supreme Industries Ltd, a prominent player in the plastic products sector, has experienced a notable increase in open interest today. The latest open interest stands at 17,832 contracts, reflecting a rise of 2,274 contracts or 14.62% from the previous open interest of 15,558. The trading volume for the day reached 8,984 contracts, contributing to a total futures value of approximately Rs 25,857.38 lakhs and an options value of Rs 1,327,358.43 lakhs, culminating in a total value of Rs 25,992.34 lakhs. The underlying value of the stock is reported at Rs 3,423.

In terms of price performance, Supreme Industries is currently trading 4.48% away from its 52-week low of Rs 3,281. The stock has faced consecutive declines over the past two days, with a total return of -1.97% during this period. It is also 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.

In summary, the increase in open interest for Supreme Industries highlights a shift in market dynamics, while the stock continues to navigate a challenging trading environment.
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