Petronet LNG Sees 13.97% Surge in Open Interest, Reaching 48,170 Contracts

Petronet LNG Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 48,170 contracts, up from the previous figure of 42,265, marking a change of 5,905 contracts or a 13.97% increase. This surge coincides with a trading volume of 24,596 contracts, indicating robust market engagement.
In terms of performance, Petronet LNG has outperformed its sector by 0.44%, with a 1D return of 0.56%. The stock has shown consistent gains over the past two days, accumulating a total return of 0.88% during this period. Notably, the stock's price is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 39.89 lakh shares on October 23, reflecting a remarkable increase of 357.9% compared to the 5-day average. With a market capitalization of Rs 42,090 crore, Petronet LNG continues to maintain a high dividend yield of 3.58%, underscoring its position in the gas industry. Overall, the notable increase in open interest highlights a dynamic trading environment for Petronet LNG.