Inox Wind Sees 11.75% 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 30,187 contracts, up from the previous 27,013, marking a change of 3,174 contracts or an 11.75% increase. The trading volume for the day reached 34,393 contracts, indicating robust market engagement.
The stock has shown a strong performance, outpacing its sector by 1.88%. Over the past four days, Inox Wind has consistently gained, accumulating a total return of 5.33%. Today, the stock reached an intraday high of Rs 156.9, reflecting a 3.08% increase.

In terms of moving averages, the stock is currently above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages. Notably, the delivery volume on October 23 was 46.97 lakh shares, a substantial rise of 44.65% compared to the 5-day average, suggesting increased liquidity.

In summary, the notable rise in open interest for Inox Wind Ltd highlights a dynamic trading environment, with the stock demonstrating solid performance metrics amidst a backdrop of increased investor participation.