Surge in Open Interest Signals Increased Trading Activity for IREDA Stock

Jun 09 2025 12:00 PM IST
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Indian Renewable Energy Development Agency Ltd (IREDA) has seen a notable rise in open interest and trading volume, indicating increased market activity. The stock has outperformed its sector and is currently above several moving averages, reflecting strong investor participation and liquidity in the trading environment.
Indian Renewable Energy Development Agency Ltd (IREDA) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 38,769 contracts, up from the previous 34,941 contracts, marking a change of 3,828 contracts or a 10.96% increase. The trading volume for the day reached 52,772 contracts, contributing to a futures value of approximately Rs 47,665.71 lakhs.

In terms of price performance, IREDA has outperformed its sector by 3.87%, with the stock reaching an intraday high of Rs 186.58, reflecting a 6.7% increase. The weighted average price indicates that more volume was traded closer to the lower price range. Notably, the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also seen a notable rise, with delivery volume on June 6 reaching 7.07 lakh shares, a substantial increase of 287% compared to the 5-day average. With a market capitalization of Rs 49,613.45 crore, IREDA continues to demonstrate liquidity, suitable for trades around Rs 4.76 crore. Overall, the increase in open interest and trading volume underscores a dynamic trading environment for IREDA.
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