IRB Infrastructure Sees Surge in Open Interest Amid Increased Trading Activity

IRB Infrastructure Developers Ltd, a prominent player in the construction industry, has experienced a significant increase in open interest today. The latest open interest stands at 13,564 contracts, reflecting a rise of 1,272 contracts or 10.35% from the previous open interest of 12,292. This uptick in open interest coincides with a trading volume of 6,735 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, IRB Infrastructure has outperformed its sector by 2.22%, with the stock gaining 5.32% over the last two days. Today, it reached an intraday high of Rs 53.3, marking a 3.19% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock has shown a notable increase in delivery volume, with 1.09 crore shares delivered on June 6, representing a 103.87% rise compared to the 5-day average. With a market capitalization of Rs 32,290.53 crore, IRB Infrastructure Developers continues to demonstrate robust liquidity, making it a significant entity in the construction sector. Overall, the increase in open interest and positive price movements highlight the stock's active trading environment.

Note : Historical numbers are not comparable for this company due to transfer of 9 assets by IRB to Private InvIT in FY20.

Pledge shareholding: IRB has provided a non-disposal undertaking (committing not to sell a certain percentage of their holding in IRB) to GIC and the Ferrovial Group.