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

Mar 24 2025 01:00 PM IST
share
Share Via
Mahanagar Gas Ltd. has seen a notable rise in open interest, indicating increased trading activity in the gas sector. The stock's delivery volume has also surged, while it maintains a market capitalization of Rs 13,692.58 crore. Despite recent gains, it has underperformed its sector today.
Mahanagar Gas Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity in the gas transmission and marketing sector. The latest open interest stands at 25,052 contracts, up from the previous 21,155, marking a change of 3,897 contracts or an 18.42% increase. The trading volume for the day reached 16,105 contracts, contributing to a total futures value of approximately Rs 39,733.55 lakhs.

Despite this surge in open interest, Mahanagar Gas has underperformed its sector by 2.64% today, with a modest one-day return of 0.45%. The stock has shown resilience over the past six days, gaining 7.92% during this period. In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day averages, yet remains below its 200-day moving average.

Additionally, the stock's delivery volume has seen a notable rise, with 1.59 lakh shares delivered on March 21, reflecting a 58.54% increase compared to the five-day average. With a market capitalization of Rs 13,692.58 crore, Mahanagar Gas continues to maintain a liquid trading environment, suitable for transactions around Rs 1.06 crore. Overall, the increase in open interest highlights a dynamic trading landscape for Mahanagar Gas Ltd.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News