Surge in Open Interest Signals Shift in Interglobe Aviation Market Dynamics
Interglobe Aviation Ltd, trading as INDIGO, has seen a notable rise in open interest, reaching 108,476 contracts, alongside a trading volume of 55,921 contracts. Despite underperforming its sector, the stock shows signs of a trend reversal after recent declines, maintaining strong liquidity and a large market capitalization.
Interglobe Aviation Ltd, trading under the symbol INDIGO, has experienced a significant increase in open interest today, marking a notable shift in market activity. The latest open interest stands at 108,476 contracts, up from the previous 91,476, reflecting a change of 17,000 contracts or an 18.58% increase. This surge coincides with a trading volume of 55,921 contracts, indicating heightened activity in the derivatives market.In terms of financial performance, Interglobe Aviation has underperformed its sector by 1.03% today, with a 1-day return of -0.21%. The stock has shown signs of a trend reversal, gaining after four consecutive days of decline. While it remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages.
Investor participation appears to be waning, as evidenced by a delivery volume of 276,000 shares on July 28, which has decreased by 22.05% compared to the 5-day average. The stock maintains sufficient liquidity for trades, with a market capitalization of Rs 2,22,946.00 crore, categorizing it as a large-cap entity. Overall, the increase in open interest highlights a shift in market dynamics for Interglobe Aviation, reflecting evolving investor sentiment.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
