Indraprastha Gas Sees Significant Open Interest Surge Amid Increased Derivatives Activity

Mar 28 2025 12:00 PM IST
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Indraprastha Gas Ltd (IGL) has seen a notable increase in open interest, reaching 16,445 contracts, alongside a trading volume of 22,104 contracts. The stock has outperformed its sector and is trading above several moving averages, despite a decline in delivery volume and reduced investor participation.
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 16,445 contracts, reflecting a rise of 2,104 contracts or 14.67% from the previous open interest of 14,341. This uptick in open interest coincides with a trading volume of 22,104 contracts, indicating heightened activity in the derivatives market.

In terms of performance, Indraprastha Gas has outperformed its sector by 1.4%, with the stock gaining 2.85% over the last two days. Today, it reached an intraday high of Rs 203.67, marking a 4.18% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 31.35% compared to the 5-day average. The stock maintains sufficient liquidity for trades, with a market capitalization of Rs 28,154.03 crore. Overall, the notable rise in open interest for Indraprastha Gas highlights a dynamic trading environment, reflecting the stock's current market activity.
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