Inox Wind Sees 10.53% Surge in Open Interest Amid Increased Trading Activity

Inox Wind Ltd, a player in the Heavy Electrical Equipment sector, has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 29,858 contracts, up from the previous 27,013, marking a change of 2,845 contracts or a 10.53% increase. The trading volume for the day reached 25,819 contracts, indicating robust market engagement.
The stock has shown strong performance, outperforming its sector by 1.85% and achieving a 1.92% return on the day. Over the past four days, Inox Wind has gained 6.57%, with an intraday high of Rs 156.9, representing a 3.08% increase. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Investor participation has also risen, with a delivery volume of 46.97 lakh shares on October 23, up 44.65% compared to the 5-day average. The stock's liquidity remains favorable, with a trade size of Rs 2.24 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and positive performance metrics highlight a significant day for Inox Wind Ltd.