Mahanagar Gas Sees Surge in Open Interest Amid Increased Trading Activity

Jun 30 2025 02:00 PM IST
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Mahanagar Gas Ltd. has seen a notable rise in open interest, reaching 13,832 contracts, alongside a trading volume of 8,747 contracts. The stock has experienced increased delivery volume and remains above key moving averages, indicating a strong market presence despite recent price declines. Its market capitalization stands at Rs 14,603.31 crore.
Mahanagar Gas Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 13,832 contracts, up from the previous 12,386, marking a change of 1,446 contracts or an 11.67% increase. The trading volume for the day reached 8,747 contracts, contributing to a futures value of approximately Rs 8,624 lakhs and an options value of around Rs 4,567 crores, bringing the total value to Rs 9,770 lakhs.

In terms of price performance, Mahanagar Gas has underperformed its sector by 1.39%, with the stock falling after six consecutive days of gains. It touched an intraday low of Rs 1,472.9, reflecting a decline of 2.57%. Despite this, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over the longer term.

Additionally, the stock has seen a rise in delivery volume, with 675,000 shares delivered on June 27, a 160.51% increase compared to the 5-day average. Mahanagar Gas, with a market capitalization of Rs 14,603.31 crore, remains a liquid option for trades sized at Rs 3.02 crore, highlighting its position in the gas industry. Overall, the increase in open interest and trading activity underscores the stock's dynamic market presence.
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