Indraprastha Gas Sees Surge in Open Interest Amidst Price Declines and Trading Activity

Jun 13 2025 03:00 PM IST
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Indraprastha Gas Ltd (IGL) has seen a notable rise in open interest, reaching 18,593 contracts, alongside a trading volume of 24,543 contracts. Despite this increased activity, the stock has underperformed its sector and has experienced a decline over the past four days, reflecting changing market dynamics.
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 18,593 contracts, marking a rise of 2,084 contracts or 12.62% from the previous open interest of 16,509. The trading volume for the day reached 24,543 contracts, contributing to a total futures value of approximately Rs 21,453.94 lakhs and an options value of Rs 11,605.59 crores.

In terms of price performance, Indraprastha Gas has underperformed its sector by 0.65%, with the stock declining for four consecutive days, resulting in a total drop of 7.34% during this period. Today, the stock opened down by 2.04%, hitting an intraday low of Rs 193.12, which represents a decrease of 4.93%. While the stock is currently trading above its 100-day moving average, it remains below its 5-day, 20-day, 50-day, and 200-day moving averages.

Overall, the notable increase in open interest for Indraprastha Gas indicates a shift in market dynamics, amidst a backdrop of recent price declines and fluctuating trading volumes.
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