Mahanagar Gas Sees Surge in Open Interest Amid Increased Trading Activity

Jun 24 2025 01:00 PM IST
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Mahanagar Gas Ltd. has seen a notable rise in open interest, reaching 19,903 contracts, alongside a trading volume of 15,183 contracts. The stock has outperformed its sector and is currently trading above multiple moving averages, although delivery volume has decreased significantly compared to recent averages.
Mahanagar Gas Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 19,903 contracts, up from the previous 16,331, marking a change of 3,572 contracts or a 21.87% increase. The trading volume for the day reached 15,183 contracts, contributing to a total futures value of approximately Rs 35,805.81 lakhs.

In terms of price performance, Mahanagar Gas has outperformed its sector by 0.8%, with a notable 1.95% gain over the past three days. The stock reached an intraday high of Rs 1,436.8, reflecting a 2.67% increase during the session. Currently, Mahanagar Gas is 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 delivery volume, which has fallen 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 surge in open interest highlights a notable shift in trading dynamics for Mahanagar Gas Ltd.
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