Indraprastha Gas Sees Surge in Open Interest Amid Increased Trading Activity

Indraprastha Gas Ltd (IGL), a prominent player in the gas industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 14,433 contracts, up from the previous 13,012, marking a change of 1,421 contracts or a 10.92% increase. The trading volume for the day reached 33,039 contracts, indicating robust market engagement.
In terms of price performance, Indraprastha Gas has outperformed its sector by 2.44%, with the stock touching an intraday high of Rs 229, representing a 4.34% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Despite a notable drop in delivery volume, which fell by 58.23% against the 5-day average, the stock remains liquid enough for trades sized at Rs 2.63 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 31,644.24 crore, Indraprastha Gas continues to maintain a solid position in the gas sector. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment today.