On 20 Nov 2025, the open interest (OI) for Adani Energy Solutions (symbol: ADANIENSOL) recorded a figure of 53,262 contracts, reflecting a 15.18% increase from the previous OI of 46,244. This surge in open interest is accompanied by a futures volume of 34,369 contracts, indicating active participation in the derivatives market. The combined futures and options value stands at approximately ₹1,62,11.64 crores, with futures alone accounting for ₹774.73 crores, underscoring the substantial liquidity and interest in the stock’s derivatives.
The underlying stock price closed at ₹1,002, which is 4.75% shy of its 52-week high of ₹1,050. Despite this proximity to the yearly peak, the stock has underperformed its sector by 1.02% on the day and has recorded a consecutive two-day decline, with a cumulative return of -1.87% over this period. This price behaviour, coupled with rising open interest, suggests that market participants may be positioning for a potential directional move, either hedging existing exposures or speculating on future price shifts.
Technical indicators reveal that the stock’s price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, yet it trades below the 5-day moving average. This mixed technical picture could be contributing to the cautious stance observed among traders, reflected in the derivatives activity. Additionally, delivery volume on 19 Nov 2025 was recorded at 4.3 lakh shares, which is 20.14% lower than the five-day average delivery volume, indicating a decline in investor participation in the cash segment despite heightened derivatives activity.
Just made the cut! This Mid Cap from the Heavy Electrical Equipment sector entered our elite Top 1% list recently. Discover it before the crowd catches on!
- - Top-rated across platform
- - Strong price momentum
- - Near-term growth potential
Market capitalisation for Adani Energy Solutions stands at ₹1,20,519 crores, categorising it as a large-cap stock within the power sector. The stock’s liquidity profile supports trading sizes of up to ₹5.17 crores based on 2% of the five-day average traded value, making it accessible for institutional and retail investors alike.
The rise in open interest alongside a relatively stable price suggests that new positions are being established rather than existing ones being closed. This pattern often indicates that traders are either building fresh bullish or bearish bets. Given the stock’s recent price consolidation near its 52-week high, the derivatives market activity could be interpreted as a preparation for a breakout or a correction, depending on broader market cues and sectoral developments.
Comparatively, the Sensex and the power sector indices posted gains of 0.34% and 0.66% respectively on the same day, highlighting that Adani Energy Solutions’ slight underperformance is occurring in a generally positive market environment. This divergence may be attracting speculative interest in the derivatives market as traders seek to capitalise on potential volatility.
Why settle for Adani Energy Solutions ? SwitchER evaluates this Power large-cap against peers, other sectors, and market caps to find you superior investment opportunities!
- - Comprehensive evaluation done
- - Superior opportunities identified
- - Smart switching enabled
Investors analysing the derivatives data should note that the open interest increase of over 7,000 contracts within a single session is a substantial move, especially when paired with a futures volume exceeding 34,000 contracts. This level of activity points to a heightened interest in leveraging price movements through futures and options, which can amplify gains or losses depending on market direction.
Furthermore, the options market value, which is significantly larger than the futures segment, suggests that traders are actively using options strategies to manage risk or speculate. The disparity between futures and options values may also indicate a preference for more flexible risk profiles, as options provide asymmetric payoff structures compared to futures contracts.
Given the current market context, the derivatives activity in Adani Energy Solutions could be signalling an impending directional move. Traders and investors should monitor price action closely, particularly around key technical levels such as the 5-day moving average and the 52-week high, to gauge the sustainability of the current trend.
In summary, the surge in open interest and robust volume in Adani Energy Solutions’ derivatives market reflects a dynamic positioning by market participants amid a mixed price performance. While the stock remains near its yearly highs, the recent price softness and falling delivery volumes suggest a cautious approach by investors. The derivatives market, however, reveals an appetite for strategic positioning that could presage notable price movements in the near term.
Market participants should consider these factors alongside broader sectoral trends and macroeconomic indicators to form a comprehensive view of Adani Energy Solutions’ outlook. The power sector’s evolving regulatory environment and demand patterns will also play a crucial role in shaping investor sentiment and stock performance going forward.
Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →
