Inox Wind Sees Surge in Open Interest Amid Increased Trading Activity

Inox Wind Ltd, a prominent player in the renewable energy sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 11,560 contracts, up from the previous 10,379, marking a change of 1,181 contracts or an 11.38% increase. The trading volume for the day reached 10,177 contracts, contributing to a total futures value of approximately Rs 25,955.67 lakhs.
In terms of price performance, Inox Wind has outperformed its sector by 1.41%, with the stock gaining 10.35% over the last four days. Today, it reached an intraday high of Rs 180.7, reflecting a 3.52% increase. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the stock has shown rising investor participation, with a delivery volume of 44.36 lakh shares on April 23, up 36.94% compared to the 5-day average. With a market capitalization of Rs 23,440.91 crore, Inox Wind continues to demonstrate robust liquidity, suitable for trades of Rs 3.74 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive price movements highlight the stock's active trading environment.