Jindal Steel & Power Sees Surge in Open Interest Amid Increased Trading Activity

Mar 24 2025 03:00 PM IST
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Jindal Steel & Power Ltd has seen a notable rise in open interest, reaching 54,076 contracts, alongside a trading volume of 31,031 contracts, indicating increased activity in the derivatives market. The stock has outperformed its sector and experienced a significant boost in delivery volume, reflecting strong liquidity.
Jindal Steel & Power Ltd, 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 54,076 contracts, reflecting a rise of 6,117 contracts or 12.75% from the previous open interest of 47,959. This uptick in open interest coincides with a trading volume of 31,031 contracts, indicating heightened activity in the derivatives market.

In terms of performance, Jindal Steel & Power has outperformed its sector by 0.65%, with a one-day return of 1.47%, compared to the sector's return of 0.39% and the Sensex's return of 1.37%. 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.

Additionally, the stock has seen a notable increase in delivery volume, with 15.98 lakh shares delivered on March 21, marking a 167.57% rise against the 5-day average delivery volume. With a market capitalization of Rs 94,638.67 crore, Jindal Steel & Power continues to demonstrate robust liquidity, supporting trade sizes of Rs 3.21 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading activity highlights a dynamic trading environment for Jindal Steel & Power.
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