Jindal Stainless Sees Surge in Open Interest Amid Increased Trading Activity

Aug 21 2025 02:00 PM IST
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Jindal Stainless Ltd has seen a notable rise in open interest, indicating increased trading activity, with current figures at 11,156 contracts. The stock is trading close to its 52-week high and has shown consistent upward momentum, outperforming its sector and maintaining strong technical indicators.
Jindal Stainless Ltd (JSL), a prominent player in the Ferrous Metals industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 11,156 contracts, up from the previous 8,780 contracts, marking a change of 2,376 contracts or a 27.06% increase. The trading volume for the day reached 35,971 contracts, indicating robust market engagement.

In terms of price performance, Jindal Stainless is currently trading just 2.95% below its 52-week high of Rs 803, having touched an intraday high of Rs 796, which represents a 4.05% increase for the day. The stock has shown consistent upward momentum, gaining 14.99% over the past seven days and outperforming its sector by 1.77% today.

Additionally, Jindal Stainless is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong technical position. The stock's liquidity remains favorable, with a delivery volume of 3.64 lakh on August 20, reflecting a 13.4% increase compared to the 5-day average delivery volume.

Overall, the notable rise in open interest alongside positive price movements underscores the active trading environment surrounding Jindal Stainless, highlighting its current market dynamics.
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