Mahanagar Gas Sees Surge in Open Interest Amid Increased Trading Activity

May 30 2025 03:00 PM IST
share
Share Via
Mahanagar Gas Ltd. has seen a significant rise in open interest, reaching 11,231 contracts, alongside a trading volume of 10,140 contracts today. Despite recent price declines, delivery volume surged, indicating increased investor participation and robust liquidity, reflecting a shift in market dynamics 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 11,231 contracts, a notable rise from the previous open interest of 7,966 contracts, marking a change of 3,265 contracts or 40.99%. The trading volume for the day reached 10,140 contracts, contributing to a total futures value of approximately Rs 15,962.13 lakhs.

In terms of price performance, Mahanagar Gas has underperformed its sector by 2.67%, with the stock falling after two consecutive days of gains. It touched an intraday low of Rs 1,331.3, representing a decline of 3.72%. The weighted average price indicates that more volume was traded closer to this low price. While the stock is currently above its 100-day moving averages, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages.

Additionally, delivery volume has surged by 105.07% compared to the 5-day average, indicating rising investor participation. The stock's liquidity remains robust, accommodating trade sizes of Rs 1.04 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics 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