Inox Wind Sees Surge in Open Interest Amid Increased Market Activity

Inox Wind Ltd, a player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 26,097 contracts, up from the previous 23,451, marking a change of 2,646 contracts or an 11.28% increase. The trading volume for the day reached 46,894 contracts, indicating robust participation in the market.
The stock has shown a positive performance, outperforming its sector by 1.17%. Over the last two days, Inox Wind has gained 5.31%, with today's intraday high reaching Rs 148.21, a rise of 5.87%. While the stock is currently above its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of liquidity, the stock is considered liquid enough for a trade size of Rs 3.24 crore, based on 2% of the 5-day average traded value. The renewable energy sector, in which Inox Wind operates, has also seen a gain of 2% today. Overall, the notable increase in open interest and trading volume highlights a dynamic trading environment for Inox Wind Ltd.