Jindal Steel Sees Surge in Open Interest Amid Increased Trading Activity

Sep 03 2025 11:00 AM IST
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Jindal Steel Ltd has seen a notable rise in open interest, reaching 32,399 contracts, alongside a trading volume of 42,873 contracts, indicating increased market activity. The stock has outperformed its sector and is trading above multiple moving averages, despite a decline in delivery volume.
Jindal Steel Ltd, 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 32,399 contracts, marking a notable rise of 5,493 contracts or 20.42% from the previous open interest of 26,906. This surge coincides with a trading volume of 42,873 contracts, indicating robust market engagement.

In terms of price performance, Jindal Steel has outperformed its sector by 0.87%, with the stock gaining 5.6% over the past three days. Today, it reached an intraday high of Rs 1,006.6, reflecting a 3.23% increase. 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 in its price trajectory.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 52.13% compared to the 5-day average. The stock remains liquid, with a trading capacity sufficient for transactions up to Rs 4.5 crore. Overall, the increase in open interest for Jindal Steel highlights a dynamic trading environment, underscoring the stock's current market activity.
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