Surge in Open Interest Signals Increased Activity for Interglobe Aviation Stock

Interglobe Aviation Ltd, trading under the symbol INDIGO, has experienced a significant increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 114,302 contracts, up from the previous 103,432, marking a change of 10,870 contracts or a 10.51% increase. This surge in open interest coincides with a trading volume of 61,193 contracts, indicating robust market engagement.
In terms of performance, Interglobe Aviation has shown a positive trend, gaining 2.84% over the last two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum. Additionally, the delivery volume on June 20 reached 832,000 shares, reflecting a 23.64% increase compared to the 5-day average, which points to rising investor participation.

With a market capitalization of Rs 2,10,010.33 crore, Interglobe Aviation continues to maintain a solid position within the airline industry. The stock's liquidity remains favorable, supporting a trade size of Rs 9.79 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive performance metrics highlight the current dynamics surrounding Interglobe Aviation.