Steel Authority of India Ltd. Sees Significant Rise in Open Interest Amid Increased Trading Activity

Jul 25 2025 12:00 PM IST
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Steel Authority of India Ltd. (SAIL) has reported a significant rise in open interest, reaching 47,509 contracts, alongside a trading volume of 22,568 contracts. Despite underperforming its sector, the stock has seen an increase in delivery volume and maintains a substantial market capitalization, indicating active market engagement.
Steel Authority of India Ltd. (SAIL), a prominent player in the ferrous metals industry, has experienced a significant increase in open interest today. The latest open interest stands at 47,509 contracts, reflecting a rise of 4,524 contracts or 10.52% from the previous open interest of 42,985. This uptick in open interest comes alongside a trading volume of 22,568 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, SAIL has underperformed its sector by 2.5%, with the stock reaching an intraday low of Rs 130.31, marking a decline of 4.3%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock is currently above its 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages.

Additionally, the stock has seen a notable increase in delivery volume, which rose by 18.47% compared to the 5-day average, reaching 40.01 lakh shares. With a market capitalization of Rs 54,043.79 crore, SAIL continues to maintain liquidity suitable for trades around Rs 3.02 crore. Overall, the notable rise in open interest highlights a shift in market dynamics for Steel Authority of India Ltd.
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