Adani Green Energy Sees 13.81% Surge in Open Interest to 71,147

Adani Green Energy Ltd, a prominent player in the power sector, has experienced a significant increase in open interest today. The latest open interest stands at 71,147 contracts, reflecting a rise of 8,634 contracts or 13.81% from the previous open interest of 62,513. This uptick in open interest is accompanied by a trading volume of 63,413 contracts, indicating robust market activity.
In terms of financial performance, Adani Green Energy has outperformed its sector by 1.31% today, despite a slight decline of 0.01% in its stock price. The stock has shown consistent gains over the last day and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

Additionally, the stock's delivery volume reached 41.51 lakh shares on October 30, marking an impressive increase of 82.19% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,84,975.97 crore, Adani Green Energy remains a liquid asset, suitable for trades of approximately Rs 25.87 crore based on 2% of its 5-day average traded value. Overall, the notable rise in open interest and trading activity underscores the stock's dynamic presence in the market.