Mahanagar Gas Sees Surge in Open Interest Amid Increased Trading Activity

Jun 24 2025 02:00 PM IST
share
Share Via
Mahanagar Gas Ltd. has seen a notable rise in open interest, reaching 20,804 contracts amid increased trading activity. The stock has outperformed its sector slightly and is trading above several moving averages, despite a significant drop in delivery volume. This indicates a dynamic trading environment for the company.
Mahanagar Gas Ltd. (MGL), a mid-cap player in the gas industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 20,804 contracts, up from the previous 16,331, marking a change of 4,473 contracts or a 27.39% increase. This surge coincides with a trading volume of 17,127 contracts, indicating robust market engagement.

In terms of price performance, Mahanagar Gas has outperformed its sector by 0.31%, with the stock gaining 1.2% over the past three days. Today, it reached an intraday high of Rs 1,436.8, reflecting a 2.67% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Despite this positive price movement, there has been a notable decline in investor participation, with delivery volume dropping by 56.42% compared to the 5-day average. The liquidity remains adequate for trades 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 a dynamic trading environment for Mahanagar Gas.
{{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