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

Jun 24 2025 12:00 PM IST
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Mahanagar Gas Ltd. has seen a significant rise in open interest, reaching 18,667 contracts, alongside a trading volume of 12,258 contracts. The stock has outperformed its sector and is trading above key moving averages, despite a notable decline in delivery volume compared to recent averages.
Mahanagar Gas Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in the stock. The latest open interest stands at 18,667 contracts, up from the previous 16,331, marking a change of 2,336 contracts or a 14.3% increase. The trading volume for the day reached 12,258 contracts, contributing to a futures value of approximately Rs 25,694.86 lakhs and an options value of Rs 4,503.08 crore, bringing the total value to Rs 26,237.69 lakhs.

In terms of price performance, Mahanagar Gas has outperformed its sector by 0.47%, with the stock gaining 1.9% over the last three days. Today, it reached an intraday high of Rs 1,436.80, reflecting a 2.67% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is worth noting a decline in investor participation, with delivery volume dropping by 56.42% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of up to Rs 2 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's recent performance highlight significant market activity surrounding Mahanagar Gas Ltd.
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