ICICI Lombard Sees 11.27% Surge in Open Interest, Reaching 24,264 Contracts

ICICI Lombard General Insurance Company Ltd (ICICIGI) has experienced a notable increase in open interest (OI) today, reflecting heightened activity in the derivatives market. The latest OI stands at 24,264 contracts, up from the previous OI of 21,806 contracts, marking a change of 2,458 contracts or an 11.27% increase. The trading volume for the day reached 8,860 contracts, indicating robust participation.
In terms of financial metrics, the future value of the stock is approximately Rs 37,555.36 lakhs, while the options value is significantly higher at Rs 1,713,498.54 lakhs, contributing to a total value of Rs 37,681.79 lakhs. The underlying value of ICICIGI is reported at Rs 1,893.

Despite this surge in OI, the stock has underperformed its sector by 0.66% today, with a slight decline of 0.07% in its one-day return. The stock has also shown a trend reversal after two consecutive days of gains. Notably, the stock's delivery volume on September 26 reached 913,000 shares, reflecting an increase of 89.36% compared to the five-day average delivery volume, indicating a rise in investor participation.

Overall, the increase in open interest for ICICI Lombard General Insurance Company highlights significant trading activity, although the stock's performance relative to its sector remains a point of consideration.