Inox Wind Ltd Sees 30.66% Surge in Open Interest Amid Increased Trading 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 44,465 contracts, up from the previous 34,032, marking a notable change of 10,433 contracts or 30.66%. The trading volume for the day reached 51,752 contracts, indicating robust market engagement.
Despite this surge in open interest, Inox Wind's stock performance has underperformed compared to its sector, with a 1D return of -2.83%, while the sector itself saw a decline of only -0.88%. The stock touched an intraday high of Rs 153.45, representing a gain of 3.2%, but also dipped to a low of Rs 143.61, reflecting a decrease of 3.42%. The weighted average price suggests that more volume was traded closer to the lower end of the price range.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 30.25 lakh shares on November 14, which is 45.52% higher than the five-day average. Inox Wind is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Overall, the increase in open interest highlights a shift in trading dynamics for Inox Wind, amidst a backdrop of mixed performance metrics.