Surge in Open Interest Signals Shift in Market Dynamics for Adani Total Gas Ltd

May 05 2025 03:00 PM IST
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Adani Total Gas Ltd (ATGL) has seen a significant rise in open interest, reaching 11,262 contracts, alongside a trading volume of 62,160 contracts. The stock has outperformed its sector and recovered from previous declines, although investor participation has decreased, as indicated by a drop in delivery volume.
Adani Total Gas Ltd (ATGL), 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 11,262 contracts, marking a notable rise of 3,295 contracts or 41.36% from the previous open interest of 7,967. This surge comes alongside a trading volume of 62,160 contracts, indicating heightened activity in the stock.

In terms of price performance, ATGL has outperformed its sector by 9.41%, recovering after three consecutive days of decline. The stock reached an intraday high of Rs 684.4, reflecting a gain of 14.11%. Throughout the trading session, ATGL exhibited a wide price range of Rs 80.95, with a weighted average price indicating that more volume was traded closer to the lower end of this range.

Despite the positive price movement, there has been a decline in investor participation, with delivery volume dropping by 45.33% compared to the five-day average. The stock remains liquid enough for trades of Rs 0.44 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Adani Total Gas Ltd.
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