Jindal Stainless Sees Surge in Open Interest Amid Increased Trading Activity
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.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
