Mahanagar Gas Ltd. Sees Surge in Open Interest Amid Active Trading Environment

Jun 25 2025 12:00 PM IST
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Mahanagar Gas Ltd. has seen a notable rise in open interest, reaching 19,352 contracts, alongside a trading volume of 33,787 contracts. The stock has outperformed its sector and has gained for four consecutive days, although investor participation has declined significantly. It remains above key moving averages, indicating strong market positioning.
Mahanagar Gas Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 19,352 contracts, up from the previous 16,619 contracts, marking a change of 2,733 contracts or a 16.45% increase. The trading volume for the day reached 33,787 contracts, contributing to a futures value of approximately Rs 27,626.94 lakhs.

In terms of price performance, Mahanagar Gas has outperformed its sector by 1.56%, with a notable 2.04% return for the day. The stock has been on a positive trajectory, gaining for four consecutive days and accumulating a total return of 3.58% during this period. Today, it touched an intraday high of Rs 1,458, reflecting a 3.23% increase.

Despite this upward movement, there has been a decline in investor participation, with delivery volume dropping by 48.2% compared to the five-day average. Mahanagar Gas is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong market position. The stock's liquidity remains robust, accommodating trade sizes of Rs 1.45 crore based on 2% of the five-day average traded value. Overall, the increase in open interest and the stock's performance metrics highlight a dynamic trading environment for Mahanagar Gas Ltd.
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