Indraprastha Gas Ltd Sees Surge in Open Interest Amid Active Market Participation

Apr 28 2025 12:00 PM IST
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Indraprastha Gas Ltd (IGL) has seen a notable rise in open interest, reaching 19,467 contracts, alongside a trading volume of 18,283 contracts. The stock has outperformed its sector and marked a trend reversal after previous declines, despite a decrease in delivery volume. The trading environment remains active.
Indraprastha Gas Ltd (IGL), a prominent player in the Gas Transmission and Marketing industry, has experienced a significant increase in open interest today. The latest open interest stands at 19,467 contracts, reflecting a rise of 1,809 contracts or 10.24% from the previous open interest of 17,658. This uptick in open interest coincides with a trading volume of 18,283 contracts, indicating active participation in the market.

In terms of price performance, IGL has outperformed its sector by 2.1%, marking a notable trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 184.9, representing a gain of 3.76% for the day. While the stock is currently above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

Despite a decrease in delivery volume, which fell by 27.21% compared to the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 1.81 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's performance today highlight a dynamic trading environment for Indraprastha Gas Ltd.
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