Indraprastha Gas Sees Significant Open Interest Surge Amid Active Market Participation

Apr 28 2025 11:00 AM IST
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Indraprastha Gas Ltd (IGL) has seen a notable rise in open interest, reaching 19,491 contracts, alongside a trading volume of 16,780 contracts. The stock has outperformed its sector, marking a trend reversal after recent declines, although it remains below key moving averages and has experienced a drop in delivery volume.
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 19,491 contracts, reflecting a rise of 1,833 contracts or 10.38% from the previous open interest of 17,658. This uptick in open interest coincides with a trading volume of 16,780 contracts, indicating active market participation.

In terms of price performance, Indraprastha Gas has outperformed its sector by 1.71%, 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. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed technical outlook.

Additionally, the stock has seen a decline in delivery volume, which fell by 27.21% compared to the 5-day average, with a delivery volume of 138,300 shares recorded on April 25. Despite this, the liquidity remains adequate for trades up to Rs 1.81 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Indraprastha Gas.
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