Surge in Open Interest Signals Increased Trading Activity for Adani Total Gas

Adani Total Gas Ltd (ATGL) has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 12,018 contracts, a notable rise from the previous open interest of 7,450 contracts, marking a change of 4,568 contracts or 61.32%. This surge in open interest coincides with a trading volume of 30,814 contracts, indicating robust market engagement.
In terms of price performance, Adani Total Gas has outperformed its sector by 5.16%, with a one-day return of 6.55%. The stock has shown consistent gains over the past five days, accumulating a total return of 11.89%. Today, it reached an intraday high of Rs 690.95, reflecting a 7.03% increase.

Despite this positive momentum, there has been a decline in delivery volume, which fell by 10.9% compared to the five-day average, with a delivery volume of 8.15 lakh shares recorded on June 26. The stock remains liquid, with a trading capacity sufficient for a trade size of Rs 2.64 crore, based on 2% of the five-day average traded value. Overall, the notable increase in open interest highlights a dynamic trading environment for Adani Total Gas.