Surge in Open Interest Signals Increased Market Activity for Steel Authority of India Ltd.

Jul 25 2025 01:00 PM IST
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Steel Authority of India Ltd. (SAIL) has reported a notable increase in open interest, reaching 47,881 contracts, alongside a trading volume of 25,245 contracts, indicating heightened market activity. Despite underperforming its sector, the stock has seen a rise in delivery volume and maintains significant liquidity.
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 47,881 contracts, reflecting a rise of 4,896 contracts or 11.39% from the previous open interest of 42,985. This surge in open interest comes alongside a trading volume of 25,245 contracts, indicating heightened activity in the derivatives market.

In terms of price performance, SAIL has underperformed its sector by 2.25%, with the stock reaching an intraday low of Rs 130.08, representing a decline of 4.47%. The weighted average price suggests that more volume was traded closer to this low price point. Notably, while the stock is trading 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 rise in delivery volume, with 40.01 lakh shares delivered on July 24, marking an 18.47% increase compared to the 5-day average. With a market capitalization of Rs 54,010.75 crore, SAIL continues to maintain liquidity suitable for trades around Rs 3.02 crore. Overall, the notable increase in open interest highlights a shift in market dynamics for Steel Authority of India Ltd.
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