Jindal Stainless Sees Significant Open Interest Surge Amid Increased Trading Activity

Mar 24 2025 03:00 PM IST
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Jindal Stainless Ltd has seen a significant rise in open interest, reaching 16,793 contracts, alongside a trading volume of 30,316 contracts, indicating increased market activity. The stock is near its 52-week low and has experienced a decline over the past three days, despite a notable increase 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 16,793 contracts, reflecting a notable rise of 3,743 contracts or 28.68% from the previous open interest of 13,050. This surge in open interest comes alongside a trading volume of 30,316 contracts, indicating heightened activity in the stock.

In terms of price performance, Jindal Stainless is currently trading close to its 52-week low, just 4.53% away from Rs 568.05. The stock has underperformed its sector by 5.34% today, continuing a downward trend with a 9.21% decline over the past three days. The stock reached an intraday low of Rs 593, marking a decrease of 5.23% during the session.

Despite the challenges, there has been a notable increase in delivery volume, which rose by 191.54% compared to the five-day average, suggesting a rise in investor participation. Overall, Jindal Stainless is navigating a volatile trading environment, with its performance metrics reflecting current market dynamics.
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