Jindal Stainless Sees Surge in Open Interest, Indicating Increased Market Activity

Jun 27 2025 02:00 PM IST
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Jindal Stainless Ltd has seen a notable rise in open interest, reaching 9,220 contracts, alongside a trading volume of 3,593 contracts, indicating increased market activity. The company has outperformed its sector and shows strong upward momentum, with significant investor participation reflected in delivery volumes.
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 9,220 contracts, up from the previous 8,146 contracts, marking a change of 1,074 contracts or a 13.18% increase. This surge in open interest is accompanied by a trading volume of 3,593 contracts, indicating robust market engagement.

In terms of performance, Jindal Stainless has outperformed its sector by 0.69%, with a stock price increase of 3.61% over the last two days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the delivery volume on June 26 reached 11.44 lakh shares, a notable rise of 127.38% compared to the 5-day average delivery volume, highlighting increased investor participation.

With a market capitalization of Rs 57,503.24 crore, Jindal Stainless continues to demonstrate liquidity, making it a viable option for trading activities. Overall, the notable spurt in open interest underscores the stock's active market presence and ongoing performance trends.
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