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 11,680 contracts, up from the previous 10,379, marking a change of 1,301 contracts or a 12.53% increase. The trading volume for the day reached 9,409 contracts, contributing to a total futures value of approximately Rs 22,871.17 lakhs.
In terms of price performance, Inox Wind has outperformed its sector by 1.01%, with the stock gaining 9.61% over the past four days. Today, it reached an intraday high of Rs 180.7, reflecting a 3.52% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the delivery volume has seen a notable rise, with 44.36 lakh shares delivered on April 23, up 36.94% compared to the 5-day average. With a market capitalization of Rs 22,777 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 surge in open interest and positive price movements highlight the stock's active trading environment.