Jindal Stainless Sees Significant Open Interest Surge Amid Active Market Participation

Apr 22 2025 03:00 PM IST
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Jindal Stainless Ltd has seen a notable increase in open interest, reaching 15,347 contracts, alongside a trading volume of 13,195 contracts. The stock has outperformed its sector and achieved a total return of 13.31% over six days, despite a decline in delivery volume.
Jindal Stainless Ltd (JSL), a prominent player in the Steel/Sponge Iron/Pig Iron industry, has experienced a significant increase in open interest today. The latest open interest stands at 15,347 contracts, reflecting a rise of 1,684 contracts or 12.33% from the previous open interest of 13,663. This uptick in open interest coincides with a trading volume of 13,195 contracts, indicating active market participation.

In terms of price performance, Jindal Stainless has outperformed its sector by 0.61%, marking a consecutive gain over the last six days with a total return of 13.31% during this period. The stock reached an intraday high of Rs 584.25, representing a 2.62% increase for the day. While the stock is currently trading above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages.

Despite a decline in delivery volume, which fell by 26.37% against the 5-day average, the stock maintains sufficient liquidity for trading, with a market cap of Rs 47,869.25 crore. Overall, the notable rise in open interest for Jindal Stainless underscores a dynamic trading environment, reflecting the stock's current market activity.
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