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, reflecting heightened trading activity. The latest open interest stands at 71,147 contracts, up from the previous figure of 62,513, marking a change of 8,634 contracts or a 13.81% increase. The trading volume for the day reached 63,413 contracts, indicating robust market engagement.
In terms of performance, Adani Green has outperformed its sector by 1.95%, continuing a positive trend with three consecutive days of gains, accumulating a total return of 14.45% over this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

Additionally, the delivery volume on October 30 was recorded at 41.51 lakh shares, which is an impressive 82.19% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 1,86,517.44 crore, Adani Green Energy remains a liquid stock, suitable for trades around Rs 25.87 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest and strong trading metrics highlight the stock's active market presence.