Indraprastha Gas Sees Significant Surge in Open Interest Amidst Active Trading Environment

Mar 28 2025 01:00 PM IST
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Indraprastha Gas Ltd (IGL) has seen a notable rise in open interest, reaching 16,469 contracts, alongside a trading volume of 24,504 contracts. The stock has outperformed its sector and is currently trading above several moving averages, indicating strong market activity despite a decline in delivery volume.
Indraprastha Gas Ltd (IGL), 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 16,469 contracts, reflecting a rise of 2,128 contracts or 14.84% from the previous open interest of 14,341. This surge in open interest comes alongside a trading volume of 24,504 contracts, indicating robust activity in the market.

In terms of price performance, Indraprastha Gas has outperformed its sector by 1.61%, with the stock gaining 3.22% over the last two days. Today, it reached an intraday high of Rs 203.67, marking a 4.18% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite a decline in delivery volume, which fell by 31.35% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 1.65 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Indraprastha Gas, reflecting the stock's current market engagement.
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