Surge in Open Interest Signals Increased Market Activity for IRB Infrastructure Developers

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 14,011 contracts, reflecting a rise of 1,436 contracts or 11.42% from the previous open interest of 12,575. This uptick in open interest is accompanied by a trading volume of 5,556 contracts, indicating active participation in the market.
In terms of price performance, IRB Infrastructure has outperformed its sector by 0.49%, with a one-day return of 0.41%. The stock is currently trading at an underlying value of Rs 48. Notably, the stock's moving averages show it is higher than the 5-day and 100-day averages, while it remains below the 20-day, 50-day, and 200-day averages.

Additionally, the stock has seen a notable rise in delivery volume, with 39.6 lakh shares delivered on July 22, marking a 26.75% increase compared to the 5-day average. With a market capitalization of Rs 29,325.38 crore, IRB Infrastructure continues to maintain a liquid trading environment, suitable for transactions around Rs 0.68 crore based on 2% of the 5-day average traded value.

Overall, the increase in open interest and trading activity highlights a dynamic trading environment for IRB Infrastructure Developers Ltd.

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.