Adani Green Energy Sees Surge in Open Interest Amid Active Derivatives Market

Mar 24 2025 03:00 PM IST
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Adani Green Energy Ltd has seen a notable rise in open interest, reaching 95,187 contracts, indicating increased activity in the derivatives market. The stock has shown a significant price increase over the past eight days, although it underperformed compared to its sector today. The market cap stands at Rs 1,52,328 crore.
Adani Green Energy Ltd (symbol: ADANIGREEN) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 95,187 contracts, up from the previous figure of 83,700, marking a change of 11,487 contracts or a 13.72% increase. The trading volume for the day reached 77,992 contracts, indicating robust participation.

In terms of price performance, Adani Green Energy has underperformed its sector by 1.68%, despite a notable rise of 16.49% over the past eight consecutive days. The stock reached an intraday high of Rs 981, reflecting a 2.8% increase during the session. While the stock is currently trading above its 5-day, 20-day, and 50-day moving averages, it remains below its 100-day and 200-day moving averages.

The power generation and distribution sector has shown a gain of 2.28% today, contrasting with Adani Green's performance. Additionally, the stock's delivery volume has increased by 42.68% compared to the 5-day average, suggesting a rise in liquidity, with a market cap of Rs 1,52,328 crore categorizing it as a large-cap stock. Overall, the notable spurt in open interest highlights a dynamic trading environment for Adani Green Energy.
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