Adani Energy Solutions Sees 13.12% Surge in Open Interest to 40,376

Adani Energy Solutions Ltd, a prominent player in the power industry, has experienced a significant increase in open interest today. The latest open interest stands at 40,376 contracts, reflecting a rise of 4,682 contracts or 13.12% from the previous open interest of 35,694. This uptick in open interest is accompanied by a trading volume of 13,011 contracts, indicating active participation in the market.
In terms of financial metrics, the total futures value is reported at Rs 58,896.03 lakhs, while the options value reaches an impressive Rs 2,529,868.69 lakhs, culminating in a total value of Rs 59,287.02 lakhs. The underlying value of the stock is noted at Rs 947.

Despite this notable activity, Adani Energy Solutions has underperformed its sector by 0.68% today, with a 1D return of -0.40%. However, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position in terms of historical performance. Additionally, the delivery volume has increased by 20.38% against the 5-day average, indicating rising investor participation. Overall, the increase in open interest highlights a dynamic trading environment for Adani Energy Solutions.