Steel Authority of India Ltd. Sees Significant Surge in Open Interest Amid Active Trading

Jun 26 2025 02:00 PM IST
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Steel Authority of India Ltd. (SAIL) has seen a notable rise in open interest, reaching 49,960 contracts, alongside a trading volume of 28,505 contracts. The stock has outperformed its sector and is trading above key moving averages, indicating a strong upward trend despite a slight decline in delivery volume.
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 49,960 contracts, reflecting a rise of 5,543 contracts or 12.48% from the previous open interest of 44,417. This uptick in open interest coincides with a trading volume of 28,505 contracts, indicating active market participation.

In terms of price performance, SAIL has outperformed its sector by 1.8%, with the stock reaching an intraday high of Rs 131.95, marking a 2.88% increase. 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 maintains a liquid trading environment, with a market cap of Rs 53,821 crore. The total futures value is reported at Rs 77,270.05 lakhs, while the options value is significantly higher at Rs 9,293,925,764 lakhs.

In summary, the notable increase in open interest for Steel Authority of India Ltd. highlights a dynamic trading environment, reflecting the stock's current market activity and performance metrics.
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