Surge in Open Interest for Indraprastha Gas Signals Shift in Market Dynamics

Sep 19 2025 03:00 PM IST
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Indraprastha Gas Ltd (IGL) has seen a significant rise in open interest, reaching 12,298 contracts, alongside a trading volume of 7,470 contracts. Despite this activity, the stock has underperformed its sector and experienced a notable decline in delivery volume compared to recent averages.
Indraprastha Gas Ltd (IGL), a small-cap player in the gas industry, has experienced a notable increase in open interest today. The latest open interest stands at 12,298 contracts, reflecting a rise of 1,326 contracts or 12.09% from the previous open interest of 10,972. This surge comes alongside a trading volume of 7,470 contracts, indicating active participation in the market.

In terms of financial metrics, the futures value is reported at Rs 6,682.36 lakhs, while the options value is significantly higher at Rs 3,871.17 lakhs, bringing the total value to Rs 7,281.51 lakhs. The underlying value of the stock is noted at Rs 214.

Despite the increase in open interest, IGL's performance today has underperformed its sector by 0.39%, with a 1-day return of -0.25%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, but below its 5-day moving average. Additionally, delivery volume has seen a significant decline, falling by 76.06% compared to the 5-day average.

In summary, the increase in open interest for Indraprastha Gas Ltd highlights a shift in market dynamics, even as the stock faces challenges in overall performance and investor participation.
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