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

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 surge indicates heightened activity in the derivatives market for the stock, with a trading volume of 63,413 contracts.
In terms of financial metrics, Adani Green Energy is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong performance relative to its historical price trends. The stock's underlying value is reported at Rs 1,005, with a total futures value of Rs 106,350.25 lakhs and an options value of approximately Rs 29,546.84 crore.

Additionally, the stock has seen a remarkable increase in delivery volume, with 83.83 lakh shares delivered on October 29, marking a staggering 1,176.02% rise compared to the 5-day average delivery volume. Despite a slight decline of 0.09% in its one-day return, Adani Green Energy remains a liquid stock, with a market capitalization of Rs 1,80,367.80 crore. This notable activity in open interest and trading volume underscores the dynamic nature of the stock in the current market environment.