Steel Authority of India Sees Surge in Open Interest Amid Increased Trading Activity
Steel Authority of India Ltd. (SAIL) has seen a notable rise in open interest, indicating increased trading activity, with 63,215 contracts recorded. The stock has outperformed its sector, gaining for six consecutive days and achieving significant returns. Investor participation is also rising, reflecting a dynamic trading environment.
Steel Authority of India Ltd. (SAIL) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 63,215 contracts, marking an increase of 6,821 contracts or 12.1% from the previous open interest of 56,394. The trading volume for the day reached 31,711 contracts, contributing to a futures value of approximately Rs 74,963 lakhs.In terms of price performance, SAIL has outperformed its sector by 1.68%, with the stock gaining for six consecutive days and achieving a total return of 11.7% during this period. Today, the stock reached an intraday high of Rs 118.63, reflecting a 2.89% increase. Notably, SAIL's price is currently 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 shown rising investor participation, with a delivery volume of 1.04 crore on March 21, which is 15.25% higher than the 5-day average delivery volume. With a market capitalization of Rs 48,620.41 crore, SAIL continues to demonstrate liquidity suitable for trades around Rs 6.05 crore. Overall, the notable increase in open interest and positive price movements highlight the stock's active trading environment.
{{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}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
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
Most Read
