ICICI Lombard Sees 13.91% Surge in Open Interest, Reaching 34,803 Contracts

ICICI Lombard General Insurance Company Ltd (ICICIGI) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 34,803 contracts, up from the previous figure of 30,552, marking a change of 4,251 contracts or a 13.91% increase. This surge coincides with a trading volume of 13,621 contracts, indicating robust participation in the stock.
In terms of price performance, ICICI Lombard is currently trading close to its 52-week high, just 4.11% away from the peak of Rs 2,068.7. However, it has underperformed its sector by 0.44% today, with a 1-day return of -0.34%, while the sector and Sensex reported returns of 0.22% and 0.56%, respectively. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

Additionally, the stock has shown rising investor participation, with a delivery volume of 2.58 lakh shares on October 24, reflecting an 18.14% increase compared to the 5-day average. With a market capitalization of Rs 98,873.35 crore, ICICI Lombard continues to maintain a liquid trading environment, suitable for transactions of up to Rs 1.5 crore. Overall, the notable increase in open interest highlights a dynamic trading landscape for ICICI Lombard General Insurance Company.