Surge in Open Interest for GAIL (India) Signals Increased Trading Activity Amid Price Declines
GAIL (India) Ltd has seen a notable rise in open interest, reaching 54,347 contracts, alongside a trading volume of 28,417 contracts. Despite this activity, the stock has underperformed its sector and experienced a decline over the past few days, while maintaining a high dividend yield of 3.37%.
GAIL (India) Ltd, a prominent player in the gas industry, has experienced a significant increase in open interest today, reflecting notable trading activity. The latest open interest stands at 54,347 contracts, up from the previous figure of 48,708, marking a change of 5,639 contracts or an 11.58% increase. The trading volume for the day reached 28,417 contracts, contributing to a futures value of approximately Rs 39,675 lakhs.Despite this surge in open interest, GAIL's stock performance has underperformed its sector by 1.4%, with a decline of 3.28% observed in the stock's one-day return. Over the past three days, the stock has consistently fallen, accumulating a total decline of 3.8%. The stock touched an intraday low of Rs 185.9, reflecting a decrease of 3.49% from its previous close.
In terms of moving averages, GAIL's stock is currently above the 100-day moving average but below the shorter-term averages of 5, 20, 50, and 200 days. The stock also boasts a high dividend yield of 3.37% at the current price, indicating a stable income potential for shareholders. Overall, the increase in open interest amidst recent price declines highlights a complex trading environment for GAIL (India) Ltd.
{{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
