Surge in Open Interest Signals Shift in Market Dynamics for SAIL Stock

Jul 25 2025 02:00 PM IST
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Steel Authority of India Ltd. (SAIL) has reported a notable rise in open interest, reaching 48,641 contracts, alongside a trading volume of 28,438 contracts. Despite underperforming its sector, the stock has seen increased 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 48,641 contracts, reflecting a rise of 5,656 contracts or 13.16% from the previous open interest of 42,985. This uptick in open interest comes alongside a trading volume of 28,438 contracts, indicating active market participation.

In terms of price performance, SAIL has underperformed its sector by 2.54%, with the stock reaching an intraday low of Rs 130.08, marking a decline of 4.47%. The weighted average price suggests that more volume was traded closer to this low price. 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, an increase of 18.47% compared to the 5-day average. With a market capitalization of Rs 54,353.58 crore, SAIL continues to maintain liquidity suitable for trades of Rs 3.02 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Steel Authority of India Ltd.
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