IRB Infrastructure Sees Significant Open Interest Surge Amid Active Market Participation

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 19,179 contracts, reflecting a rise of 2,315 contracts or 13.73% from the previous open interest of 16,864. This uptick in open interest comes alongside a trading volume of 8,735 contracts, indicating active participation in the market.
In terms of price performance, IRB Infrastructure has shown resilience, gaining 0.56% today, which is in line with the sector's performance of 0.43%. Over the past two days, the stock has recorded a total return of 2.27%. Notably, while the stock's price is currently above its 5-day, 50-day, and 100-day moving averages, it remains below its 20-day and 200-day moving averages.

Despite a decline in delivery volume, which has fallen by 26.92% against the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 2.26 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 30,231.23 crore, IRB Infrastructure continues to be a significant entity in the construction sector. The increase in open interest highlights a notable shift in market dynamics, warranting attention from market participants.

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.