Indraprastha Gas Sees Significant Rise in Open Interest Amid Active Market Participation

May 30 2025 01:00 PM IST
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Indraprastha Gas Ltd (IGL) has reported a significant rise in open interest, reaching 10,192 contracts, alongside a trading volume of 6,426 contracts, indicating active market participation. Despite a decline in stock price, delivery volume has surged, reflecting increased investor activity in the gas sector.
Indraprastha Gas Ltd (IGL), a prominent player in the gas industry, has experienced a notable increase in open interest today. The latest open interest stands at 10,192 contracts, reflecting a rise of 1,141 contracts or 12.61% from the previous open interest of 9,051. This uptick in open interest coincides with a trading volume of 6,426 contracts, indicating active participation in the market.

In terms of price performance, IGL has underperformed its sector by 1.88%, with the stock experiencing a decline of 2.21% on the day. The stock reached an intraday low of Rs 207.1, marking a decrease of 3.4%. Despite this, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is trading below its 200-day moving average.

Additionally, the stock has seen a significant rise in delivery volume, which increased by 47.07% compared to the 5-day average, suggesting heightened investor activity. With a market capitalization of Rs 29,351.03 crore, Indraprastha Gas continues to maintain a solid position in the gas sector. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for IGL.
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