Inox Wind Sees Surge in Open Interest Amid Increased Trading Activity
Inox Wind Ltd has seen a notable rise in open interest, reaching 24,696 contracts, alongside a trading volume of 20,743 contracts, indicating increased market activity. The stock opened higher, recovering from previous declines, while its market capitalization stands at Rs 24,048 crore, reflecting strong liquidity.
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 24,696 contracts, up from the previous 21,108 contracts, marking a change of 3,588 contracts or a 17% increase. The trading volume for the day reached 20,743 contracts, indicating robust participation in the market.The stock opened with a notable gain of 5.09%, reaching an intraday high of Rs 144. Despite this positive movement, Inox Wind is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed performance trend over the longer term. The stock has outperformed its sector by 2.52% today, recovering after three consecutive days of decline.
With a market capitalization of Rs 24,048 crore, Inox Wind continues to show liquidity, with a delivery volume of 33.37 lakh shares on August 14, reflecting a 12.23% increase compared to the 5-day average. Overall, the increase in open interest and trading volume highlights a notable shift in market dynamics for Inox Wind, warranting attention from market participants.
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