Mahanagar Gas Ltd. Sees Surge in Open Interest Amid Increased Market Activity

Jun 02 2025 12:00 PM IST
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Mahanagar Gas Ltd. has seen a significant rise in open interest and trading volume, indicating increased market activity. The stock has outperformed its sector slightly and has experienced a notable increase in delivery volume. With a market capitalization of Rs 13,533 crore, it remains a key player in the gas industry.
Mahanagar Gas Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 12,656 contracts, up from the previous 11,282, marking a change of 1,374 contracts or a 12.18% increase. The trading volume for the day reached 16,398 contracts, indicating robust participation in the market.

In terms of price performance, Mahanagar Gas has outperformed its sector by 0.26%, with the stock touching an intraday high of Rs 1,376.4, representing a 3.86% increase. The stock is currently trading above its 100-day moving average but below its 5-day, 20-day, 50-day, and 200-day moving averages, suggesting mixed short-term trends.

Additionally, the stock has seen a significant rise in delivery volume, with 465,000 shares delivered on May 30, reflecting a 219.01% increase compared to the 5-day average. With a market capitalization of Rs 13,533 crore, Mahanagar Gas remains a mid-cap player in the gas industry. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Mahanagar Gas Ltd.
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