Surge in Open Interest Signals Increased Trading Activity for Oil India Ltd.

Jul 03 2025 01:00 PM IST
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Oil India Ltd. has seen a notable rise in open interest, indicating increased trading activity, with current figures at 18,939 contracts. The stock has outperformed its sector and achieved a significant price increase over the past days, although investor participation has declined, reflected in reduced delivery volumes.
Oil India Ltd. has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 18,939 contracts, up from the previous 17,106 contracts, marking a change of 1,833 contracts or a 10.72% increase. The trading volume for the day reached 17,438 contracts, contributing to a total futures value of approximately Rs 19,414.12 lakhs.

In terms of price performance, Oil India Ltd. has outperformed its sector by 2.58%, with the stock gaining 3.8% over the last four consecutive days. Today, it reached an intraday high of Rs 450.9, reflecting a 3.44% increase. The stock's current price is above its 5-day, 50-day, and 100-day moving averages, although it remains below its 20-day and 200-day moving averages.

Despite this positive price movement, there has been a notable decline in investor participation, with delivery volume dropping by 36.36% compared to the 5-day average. The stock maintains sufficient liquidity for trading, with a size of Rs 4.28 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for Oil India Ltd.
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