Steel Authority of India Sees Surge in Open Interest Amid Market Challenges

Jul 28 2025 01:00 PM IST
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Steel Authority of India Ltd. (SAIL) has reported a notable rise in open interest, reaching 52,520 contracts, alongside a trading volume of 45,925 contracts. Despite this increase, the stock has underperformed, declining over the past two days and currently showing mixed performance against its moving averages.
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 52,520 contracts, reflecting a rise of 5,100 contracts or 10.75% from the previous open interest of 47,420. This uptick in open interest coincides with a trading volume of 45,925 contracts, indicating heightened activity in the derivatives market.

Despite this surge in open interest, SAIL's stock has underperformed its sector, declining by 2.06% today. Over the past two days, the stock has seen a consecutive fall, accumulating a total return of -6.86%. The stock reached an intraday low of Rs 124.37, marking a decrease of 4.82% during the trading session.

In terms of moving averages, SAIL's stock is currently above its 100-day and 200-day moving averages but below the 5-day, 20-day, and 50-day averages. The stock's liquidity remains robust, with a delivery volume of 53.22 lakh shares on July 25, which is 38.94% higher than the 5-day average delivery volume.

In summary, while SAIL has seen a notable increase in open interest, the stock's recent performance reflects challenges in the market.
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