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

May 22 2025 12:00 PM IST
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Oil India Ltd. has seen a notable rise in open interest, reaching 20,464 contracts, alongside a trading volume of 22,693 contracts, indicating active market engagement. Despite a decline in stock price and delivery volume, the stock remains liquid and above several moving averages, reflecting ongoing market dynamics.
Oil India Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 20,464 contracts, up from the previous OI of 17,740 contracts. This marks a change of 2,724 contracts, reflecting a percentage increase of 15.36%. The trading volume for the day reached 22,693 contracts, indicating active participation in the market.

In terms of price performance, Oil India Ltd. underperformed its sector by 0.89%, with a stock price that 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. 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, the delivery volume has seen a notable decline, falling by 52.71% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trades sized at Rs 0.46 crore, based on 2% of the 5-day average traded value. Overall, the notable rise in open interest amidst fluctuating price movements highlights the current dynamics surrounding Oil India Ltd.
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