Mahanagar Gas Sees Surge in Open Interest Amid Increased Trading Activity

Jun 17 2025 11:00 AM IST
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Mahanagar Gas Ltd. has seen a significant rise in open interest, indicating increased trading activity, with current figures at 20,607 contracts. The stock has outperformed its sector and reached an intraday high, although investor participation has declined. Overall, the company is experiencing notable market dynamics.
Mahanagar Gas Ltd. (MGL), a mid-cap player in the gas industry, has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 20,607 contracts, up from the previous figure of 18,639, marking a change of 1,968 contracts or a 10.56% increase. The trading volume for the day reached 25,792 contracts, contributing to a futures value of approximately Rs 15,504.36 lakhs.

In terms of price performance, Mahanagar Gas has outperformed its sector by 1.82%, with the stock gaining 5.47% over the last two days. Today, it reached an intraday high of Rs 1,434.50, reflecting a 3.22% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite this positive momentum, there has been a decline in investor participation, with delivery volume falling by 15.93% compared to the 5-day average. The stock maintains sufficient liquidity for trades, with a size of Rs 2.31 crore based on 2% of the 5-day average traded value. Overall, Mahanagar Gas Ltd. is witnessing significant trading activity, underscoring its current market dynamics.
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