Indian Oil Corporation Sees 10.75% Surge in Open Interest to 53,151 Contracts

Indian Oil Corporation Ltd (IOC), a prominent player in the oil industry, has experienced a significant increase in open interest today. The latest open interest stands at 53,151 contracts, reflecting a rise of 5,161 contracts or 10.75% from the previous open interest of 47,990. This uptick coincides with a trading volume of 57,470 contracts, indicating robust activity in the derivatives market.
In terms of price performance, IOC is currently trading just 1.23% below its 52-week high of Rs 167.1. The stock has shown resilience, outperforming its sector by 0.54% today, and has recorded consecutive gains over the past three days, accumulating a total return of 6.83% during this period. Additionally, IOC is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

The delivery volume on October 30 reached 1.42 crore shares, marking a 35.69% increase compared to the 5-day average delivery volume, which highlights rising investor participation. With a market capitalization of Rs 2,30,600 crore, IOC remains a liquid stock, suitable for trades of approximately Rs 9.39 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong trading metrics underscore the stock's active market presence.