Inox Wind Sees Significant Open Interest Surge Amid Active Market Participation

Inox Wind Ltd, a prominent player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest today. The latest open interest stands at 12,006 contracts, reflecting a rise of 1,355 contracts or 12.72% from the previous open interest of 10,651. This uptick in open interest comes alongside a trading volume of 5,245 contracts, indicating active market participation.
The stock's performance today shows a modest 2.36% gain, although it has underperformed its sector, which saw a 4.25% increase. Inox Wind reached an intraday high of Rs 156, marking a 3.49% rise during the trading session. However, it continues to trade below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging trend.

Additionally, the stock's liquidity remains adequate, with a trading capacity of Rs 2.24 crore based on 2% of the 5-day average traded value. Despite a decline in delivery volume, which has fallen by 35.9% against the 5-day average, the overall market dynamics indicate a notable shift in open interest for Inox Wind. This development highlights the evolving landscape within the renewable energy sector, where the company operates.