Surge in Open Interest Signals Increased Trading Activity for IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd has seen a notable rise in open interest, reaching 14,070 contracts, alongside a trading volume of 9,714 contracts. The stock has outperformed its sector, achieving a 1-day return of 3.23% and consistently trading above key moving averages, indicating strong market 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 14,070 contracts, reflecting a rise of 1,778 contracts or 14.46% from the previous open interest of 12,292. This uptick in open interest coincides with a trading volume of 9,714 contracts, indicating heightened activity in the stock.In terms of price performance, IRB Infrastructure has outperformed its sector by 2.47%, with a notable 1-day return of 3.23%. The stock has shown consistent gains over the past two days, accumulating a total return of 5.61%. Today, it reached an intraday high of Rs 53.48, marking a 3.54% increase. Furthermore, IRB Infrastructure is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
The stock's liquidity remains robust, with a delivery volume of 1.09 crore on June 6, reflecting a 103.87% increase compared to the 5-day average delivery volume. Overall, the recent surge in open interest and positive price movements highlight 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.
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