GAIL (India) Sees Surge in Open Interest Amid Increased Trading Activity
GAIL (India) Ltd has seen a notable rise in open interest, reaching 66,713 contracts, alongside a trading volume of 48,445 contracts, indicating increased market activity. The stock has outperformed its sector and is currently trading above several moving averages, reflecting strong market engagement and liquidity.
GAIL (India) Ltd, a prominent player in the gas industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 66,713 contracts, marking a rise of 6,124 contracts or 10.11% from the previous open interest of 60,589. This surge coincides with a trading volume of 48,445 contracts, indicating robust market engagement.In terms of price performance, GAIL has outperformed its sector by 0.57%, with the stock gaining 2.37% over the last two days. Today, it reached an intraday high of Rs 190.95, reflecting a 2.51% increase. 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, GAIL boasts a high dividend yield of 3.49% at the current price, and its liquidity remains strong, with a trading capacity of Rs 3.77 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and positive price movements highlight GAIL's active market presence today.
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