Surge in Open Interest Signals Increased Market Activity for GAIL (India) Ltd

Mar 24 2025 03:00 PM IST
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GAIL (India) Ltd has seen a significant rise in open interest, reaching 99,271 contracts, alongside a trading volume of 123,022 contracts. The stock has outperformed its sector, gaining 3.83% today, and has shown a consistent upward trend over the past five days, with robust liquidity and a high dividend yield.
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 99,271 contracts, marking a notable rise of 19,829 contracts or 24.96% from the previous open interest of 79,442. This surge in open interest coincides with a trading volume of 123,022 contracts, indicating heightened activity in the stock.

In terms of price performance, GAIL has outperformed its sector by 0.91%, with the stock gaining 3.83% today. Over the past five days, GAIL has shown a consistent upward trend, accumulating a total return of 16.05%. 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 liquidity remains robust, with a delivery volume of 2.04 crore on March 21, which is 253.14% higher than the five-day average. The stock currently offers a high dividend yield of 3.72%. Overall, the notable increase in open interest and strong trading metrics highlight GAIL's active market presence today.
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