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. The latest open interest stands at 11,688 contracts, reflecting a rise of 1,309 contracts or 12.61% from the previous open interest of 10,379. This uptick coincides with a trading volume of 8,302 contracts, indicating heightened activity in the stock.
In terms of performance, Inox Wind has outperformed its sector by 0.39% today, marking its fourth consecutive day of gains with a total return of 9.67% over this period. The stock reached an intraday high of Rs 180.7, representing a 3.52% increase. Notably, the stock's price is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also seen a notable rise, with a delivery volume of 44.36 lakh shares on April 23, up 36.94% compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 3.74 crore based on 2% of the 5-day average traded value. Overall, the developments surrounding Inox Wind reflect a dynamic trading environment, underscoring the stock's active engagement in the market.