Surge in Open Interest Signals Increased Trading Activity for IREDA Stock

Jun 06 2025 02:00 PM IST
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Indian Renewable Energy Development Agency Ltd (IREDA) has seen a significant rise in open interest, reaching 34,399 contracts, alongside a trading volume of 26,608 contracts. Despite a decline in stock price, delivery volume increased notably, indicating a vibrant trading environment for the company.
Indian Renewable Energy Development Agency Ltd (IREDA) has experienced a notable increase in open interest (OI) today, reflecting heightened activity in its trading. The latest OI stands at 34,399 contracts, marking a significant rise of 3,937 contracts or 12.92% from the previous OI of 30,462. The trading volume for the day reached 26,608 contracts, contributing to a total futures value of approximately Rs 49,644.42 lakhs and an options value of around Rs 8,751.66 crores.

In terms of price performance, IREDA has underperformed its sector by 3.8%, with the stock touching an intraday low of Rs 172.51, down 2.23%. Despite this decline, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average. The finance sector, in contrast, has gained by 2.9% today.

Additionally, there has been a notable increase in delivery volume, which rose by 42.82% compared to the 5-day average, indicating a liquidity level sufficient for trades up to Rs 4.1 crore. Overall, the increase in open interest alongside these metrics highlights a dynamic trading environment for IREDA.
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