Jindal Stainless Sees Surge in Open Interest Amidst Price Decline and Increased Trading Activity

Mar 24 2025 12:00 PM IST
share
Share Via
Jindal Stainless Ltd has seen a significant rise in open interest, reaching 16,293 contracts, alongside a trading volume of 19,023 contracts. Despite this increase, the stock has underperformed, experiencing a decline over the past three days and trading below multiple moving averages. Delivery volume has notably increased as well.
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 16,293 contracts, reflecting a notable rise of 3,243 contracts or 24.85% from the previous open interest of 13,050. This surge in open interest comes alongside a trading volume of 19,023 contracts, indicating heightened activity in the market.

Despite this uptick in open interest, Jindal Stainless has underperformed its sector, with a decline of 3.17% today. The stock has faced consecutive losses over the past three days, accumulating a total drop of 7.16%. During today's trading session, Jindal Stainless reached an intraday low of Rs 598.3, marking a decrease of 4.38%. The weighted average price suggests that more volume was traded closer to this low price point.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a rise in delivery volume, which increased by 191.54% compared to the 5-day average, indicating a shift in trading dynamics. Overall, the increase in open interest highlights a notable trend in Jindal Stainless's market activity amidst its recent price challenges.
{{stockdata.stock.stock_name.value}} Live

{{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}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
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