Mahanagar Gas Sees Significant Open Interest Surge Amidst Market Activity Shift
Mahanagar Gas Ltd. has seen a notable rise in open interest, reaching 24,182 contracts, alongside a trading volume of 36,439 contracts. The stock has outperformed its sector and achieved consecutive gains over two days, despite a decline in investor participation and delivery volume. The company maintains a mid-cap market capitalization.
Mahanagar Gas Ltd. (MGL), a prominent player in the Gas Transmission and Marketing industry, has experienced a significant increase in open interest today. The latest open interest stands at 24,182 contracts, reflecting a rise of 4,001 contracts or 19.83% from the previous open interest of 20,181. This uptick in open interest comes alongside a trading volume of 36,439 contracts, indicating robust activity in the market.In terms of price performance, Mahanagar Gas has outperformed its sector by 3.53%, with the stock gaining 4.58% on the day. Over the past two days, MGL has shown a consecutive gain of 7.45%. The stock reached an intraday high of Rs 1,348.4, marking a 4.23% increase during the trading session.
Despite this positive price movement, there has been a noted decline in investor participation, with delivery volume dropping by 36.89% compared to the five-day average. Mahanagar Gas maintains a market capitalization of Rs 13,363.65 crore, categorizing it as a mid-cap stock. Overall, the notable increase in open interest highlights a shift in market dynamics for Mahanagar Gas, reflecting heightened trading activity without indicating future price movements.
{{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}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
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
Most Read
