ICICI Lombard Sees Surge in Open Interest Amid Increased Derivatives Activity

Apr 23 2025 03:01 PM IST
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ICICI Lombard General Insurance Company Ltd has seen a notable rise in open interest, indicating increased derivatives market activity. The stock has outperformed its sector and achieved a significant intraday high, although investor participation has declined sharply. This reflects a dynamic shift in market engagement for the company.
ICICI Lombard General Insurance Company Ltd (ICICIGI) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 46,180 contracts, up from the previous figure of 40,061, marking a change of 6,119 contracts or a 15.27% increase. The trading volume for the day reached 28,744 contracts, contributing to a total futures value of approximately Rs 67,534.72 lakhs.

In terms of price performance, ICICI Lombard has outperformed its sector by 1.01%, with the stock gaining 4.38% over the past three days. Today, it reached an intraday high of Rs 1,883, reflecting a 2.05% 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.

Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 61.45% compared to the 5-day average. Overall, ICICI Lombard's performance today highlights a dynamic shift in market activity, underscoring the stock's current standing within the finance/NBFC sector.
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