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

Jun 26 2025 01:00 PM IST
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Steel Authority of India Ltd. (SAIL) has seen a notable rise in open interest, reaching 49,857 contracts, alongside a trading volume of 25,625 contracts. The stock has outperformed its sector and is trading above key moving averages, indicating a strong price trend despite a slight dip in delivery volume.
Steel Authority of India Ltd. (SAIL) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 49,857 contracts, up from the previous figure of 44,417, marking a change of 5,440 contracts or a 12.25% increase. This surge in open interest coincides with a trading volume of 25,625 contracts, indicating robust participation in the stock's derivatives.

In terms of price performance, SAIL has outperformed its sector by 2.33%, reaching an intraday high of Rs 131.95, which represents a 2.88% increase for the day. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Despite a slight decline in delivery volume, which fell by 2.06% against the 5-day average, SAIL remains liquid enough for a trade size of Rs 3.25 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 54,275.10 crore, SAIL continues to hold a significant position in the ferrous metals industry. Overall, the notable increase in open interest highlights a dynamic trading environment for Steel Authority of India Ltd.
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