Interglobe Aviation Sees Surge in Open Interest Amidst Market Fluctuations

Interglobe Aviation Ltd, trading under the symbol INDIGO, has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 59,847 contracts, up from the previous 52,132, marking a change of 7,715 contracts or a 14.8% increase. The trading volume for the day reached 63,408 contracts, indicating robust participation in the market.
In terms of price performance, Interglobe Aviation has underperformed its sector by 0.34%, with the stock experiencing a consecutive decline over the past two days, resulting in a total drop of 4.38%. The stock touched an intraday low of Rs 5,193, reflecting a decrease of 5.93% during the trading session. The weighted average price suggests that more volume was traded closer to this low price point.

Despite these challenges, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. The liquidity remains adequate, with a delivery volume of 6.22 lakh shares on April 24, which has decreased by 13.05% compared to the five-day average. Overall, the increase in open interest highlights a shift in market dynamics for Interglobe Aviation, amidst a backdrop of fluctuating stock performance.