IRCTC Sees 10.54% Rise in Open Interest, Reaching 37,766 Contracts

Indian Railway Catering & Tourism Corporation Ltd (IRCTC) has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 37,766 contracts, marking a rise of 3,601 contracts or 10.54% from the previous open interest of 34,165. This surge coincides with a trading volume of 35,029 contracts, indicating robust participation in the market.
In terms of financial metrics, the total futures value is approximately Rs 70,000.83 lakhs, while the options value is significantly higher at Rs 15,471.85 crore, bringing the total value to around Rs 71,582.73 lakhs. The underlying value of the stock is reported at Rs 718.

On the price performance front, IRCTC's stock has shown mixed results. It is currently trading inline with its sector, with a 1-day return of -0.29%, slightly underperforming the sector's return of -0.24% and the Sensex's decline of -0.54%. The stock's moving averages indicate it is above the 20-day and 50-day averages but below the 5-day, 100-day, and 200-day averages. Additionally, delivery volume has increased by 41.56% compared to the 5-day average, suggesting a rise in trading activity.

Overall, the increase in open interest for IRCTC highlights a significant shift in market dynamics, reflecting the stock's current trading environment without indicating future trends.