Adani Green Energy Sees Surge in Open Interest Amid Increased Trading Activity
Adani Green Energy Ltd has seen a notable rise in open interest, reaching 40,674 contracts, alongside a trading volume of 55,940 contracts. The stock has outperformed its sector and achieved a recent intraday high, although investor participation has declined significantly in terms of delivery volume.
Adani Green Energy Ltd, a prominent player in the power sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 40,674 contracts, marking an increase of 3,810 contracts or 10.34% from the previous open interest of 36,864. The trading volume for the day reached 55,940 contracts, indicating robust market engagement.In terms of price performance, Adani Green Energy has outperformed its sector by 1.69%, with the stock gaining 3.88% over the last two days. Today, it touched an intraday high of Rs 1,046.9, representing a 5.53% increase. The weighted average price suggests that more volume was traded closer to the lower end of the price range.
Despite this positive momentum, there has been a noted decline in investor participation, with delivery volume falling by 34.77% compared to the five-day average. The stock remains liquid, with a trading capacity of Rs 5.54 crore based on 2% of the five-day average traded value.
Overall, the increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for Adani Green Energy.
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