Interglobe Aviation Sees Surge in Open Interest Amid Increased Market Activity

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 117,607 contracts, up from the previous figure of 104,535, marking a change of 13,072 contracts or a 12.5% increase. The trading volume for the day reached 166,849 contracts, indicating robust market engagement.
In terms of price performance, Interglobe Aviation is currently trading close to its 52-week high, just 2.19% away from the peak of Rs 5,729. The stock opened with a gain of 3.01% today and reached an intraday high of Rs 5,700.5, reflecting a 4.27% increase. Over the past three days, the stock has shown a consistent upward trend, gaining 6.36% in total returns.

The airline sector overall has seen a gain of 2.37%, with Interglobe Aviation trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a slight decline in delivery volume, the stock remains liquid, with a market capitalization of Rs 2,18,164 crore. This notable spurt in open interest highlights the ongoing dynamics within Interglobe Aviation's trading activity.