Indian Energy Exchange Ltd Sees 14.15% Surge in Open Interest Amid Declining Stock Performance

Indian Energy Exchange Ltd (IEX), a small-cap player in the capital markets sector, has experienced a notable increase in open interest today. The latest open interest stands at 42,414 contracts, reflecting a rise of 5,256 contracts or 14.15% from the previous open interest of 37,158. This surge in open interest comes alongside a trading volume of 30,477 contracts, indicating active participation in the market.
In terms of price performance, IEX has underperformed its sector by 0.9%, with the stock recording a 1D return of -2.18%. Over the past two days, the stock has faced consecutive declines, totaling a drop of 5.42%. The intraday low reached was Rs 140.42, marking a decrease of 2.18%. The weighted average price suggests that more volume was traded closer to this low price.

Despite these challenges, there has been a rise in delivery volume, which increased by 8.86% against the five-day average, reaching 42.65 lakh shares on October 30. The stock remains liquid enough for trades sized at Rs 3.39 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for IEX, amidst its recent price challenges.