GAIL Sees Significant Surge in Open Interest Amidst Increased Market Activity

Mar 24 2025 01:00 PM IST
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GAIL (India) Ltd has seen a notable rise in open interest, reaching 95,012 contracts, alongside a trading volume of 104,503 contracts. The stock has outperformed its sector and demonstrated strong liquidity, indicating increased activity and a solid market presence in the gas transmission industry.
GAIL (India) Ltd, a prominent player in the Gas Transmission and Marketing industry, has experienced a significant increase in open interest today. The latest open interest stands at 95,012 contracts, marking a notable rise from the previous open interest of 79,442 contracts. This represents a change of 15,570 contracts, or a 19.6% increase, indicating heightened activity in the derivatives market. The trading volume for the day reached 104,503 contracts, contributing to a futures value of approximately Rs 104,882.82 lakhs.

In terms of price performance, GAIL has outperformed its sector by 1.23%, with the stock gaining 4.51% today. It has shown a consistent upward trend, achieving a total return of 16.76% over the past five days. The stock opened with a gain of 2.12% and reached an intraday high of Rs 186.4, reflecting a 6.48% increase. GAIL's current price is supported by strong liquidity, with a delivery volume of 2.04 crore shares, which is 253.14% higher than the five-day average.

Overall, the surge in open interest alongside robust trading metrics underscores GAIL's active market presence and performance in the gas transmission sector.
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