Surge in Open Interest for IREDA Signals Shift in Trading Dynamics

Jun 03 2025 03:00 PM IST
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Indian Renewable Energy Development Agency Ltd (IREDA) has seen a notable rise in open interest, reaching 26,459 contracts, indicating increased trading activity. The day's trading volume was 21,087 contracts, with a total futures value of approximately Rs 47,552.75 lakhs, reflecting a shift in market dynamics.
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 26,459 contracts, marking a notable rise of 4,896 contracts or 22.71% from the previous open interest of 21,563 contracts. The trading volume for the day reached 21,087 contracts, contributing to a total futures value of approximately Rs 47,552.75 lakhs.

In terms of price performance, IREDA's stock has underperformed its sector by 0.72%, with an intraday low of Rs 171.69, representing a decline of 2.01%. The stock is currently positioned above its 20-day and 50-day moving averages but below its 5-day, 100-day, and 200-day moving averages. Additionally, there has been a noticeable decrease in investor participation, with delivery volume dropping by 45.42% compared to the 5-day average.

With a market capitalization of Rs 46,821 crore, IREDA remains a significant player in the finance industry. The increase in open interest today highlights a shift in trading dynamics, underscoring the stock's current market activity.
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