Surge in Open Interest Signals Shift in Market Dynamics for Jindal Stainless

Mar 24 2025 01:00 PM IST
share
Share Via
Jindal Stainless Ltd has seen a notable increase in open interest, reaching 16,803 contracts, alongside a trading volume of 24,154 contracts, indicating heightened market activity. Despite this, the stock has faced recent declines and high volatility, with significant fluctuations in its trading performance.
Jindal Stainless Ltd (JSL), a prominent player in the Steel/Sponge Iron/Pig Iron industry, has experienced a significant increase in open interest today. The latest open interest stands at 16,803 contracts, reflecting a rise of 3,753 contracts or 28.76% from the previous open interest of 13,050. This surge coincides with a trading volume of 24,154 contracts, indicating heightened activity in the derivatives market.

Despite this uptick in open interest, Jindal Stainless has underperformed its sector, with a decline of 4.65% today. The stock has faced consecutive losses over the past three days, accumulating a total return of -8.66%. During today's trading session, Jindal Stainless reached an intraday low of Rs 594.2, marking a decrease of 5.03% from its previous close. The stock has exhibited high volatility, with an intraday fluctuation of 5.17%.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 8.81 lakh shares on March 21, reflecting a substantial increase of 191.54% compared to the five-day average. Overall, the notable rise in open interest highlights a shift in market dynamics for Jindal Stainless, amidst its recent price challenges.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News