Indraprastha Gas Sees Significant Open Interest Surge Amid Market Volatility

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 18,325 contracts, reflecting a rise of 1,816 contracts or 11.0% from the previous open interest of 16,509. This surge in open interest comes alongside a trading volume of 15,926 contracts, indicating active participation in the market.
In terms of price performance, Indraprastha Gas has underperformed its sector, with a decline of 1.91% today. The stock has been on a downward trend, losing value for four consecutive days, resulting in an overall drop of 8.68% during this period. Today, the stock opened with a loss of 2.04% and reached an intraday low of Rs 193.12, marking a decrease of 4.93%.

Despite these challenges, the stock's delivery volume has shown a positive trend, increasing by 29.98% compared to the five-day average. With a market capitalization of Rs 27,444.23 crore, Indraprastha Gas remains a significant entity in the gas sector. The current trading dynamics highlight the ongoing shifts in market sentiment and investor behavior surrounding the stock.