Surge in Open Interest Signals Shift in Market Dynamics for Oil India Ltd.

May 22 2025 02:00 PM IST
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Oil India Ltd. has seen a notable rise in open interest, reaching 20,449 contracts, alongside a trading volume of 34,937 contracts, indicating heightened market activity. Despite a decline in stock price and delivery volume, the company retains a large market capitalization, reflecting its liquidity and position in the market.
Oil India Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 20,449 contracts, up from the previous OI of 17,740 contracts. This marks a change of 2,709 contracts, reflecting a percentage increase of 15.27%. The trading volume for the day reached 34,937 contracts, indicating active participation in the market.

In terms of price performance, Oil India Ltd. has underperformed its sector by 0.72%, with the stock falling after two consecutive days of gains. The stock touched an intraday low of Rs 404.1, representing a decline of 5.25%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 20-day, 50-day, and 100-day moving averages, it is currently below its 5-day and 200-day moving averages.

Additionally, there has been a notable decrease in delivery volume, which fell by 52.71% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trading, with a market capitalization of Rs 67,666.88 crore, categorizing it as a large-cap entity. Overall, the increase in open interest highlights a notable shift in market dynamics for Oil India Ltd.
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