Surge in Open Interest for IREDA Signals Increased Market Activity Amid Price Decline

Jul 11 2025 02:00 PM IST
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Indian Renewable Energy Development Agency Ltd (IREDA) has seen a notable rise in open interest, reaching 29,852 contracts, alongside a trading volume of 45,083 contracts. Despite this increased trading activity, the stock has underperformed its sector and is currently trading below key moving averages, indicating a bearish trend.
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 29,852 contracts, up from the previous 23,672 contracts, marking a change of 6,180 contracts or a 26.11% increase. The trading volume for the day reached 45,083 contracts, indicating robust participation in the market.

Despite this surge in open interest, IREDA's stock performance has been underwhelming, underperforming its sector by 4.42%. The stock opened with a loss of 5.09% and hit an intraday low of Rs 159.8, down 5.8% from the previous close. Currently, IREDA is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

The company's market capitalization is approximately Rs 45,107.83 crore, categorizing it as a large-cap stock. Notably, the delivery volume has increased by 27.65% compared to the 5-day average, indicating a rise in investor participation. Overall, the notable increase in open interest amidst a declining stock price presents a complex picture of market dynamics for IREDA.
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