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 uptick in open interest is accompanied by a trading volume of 63,413 contracts, indicating robust activity in the derivatives market.
In terms of performance, Adani Green Energy has outperformed its sector by 0.93%, marking a positive trend as the stock has gained for three consecutive days, accumulating a total return of 13.7% during 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 reached 41.51 lakh shares, an increase of 82.19% compared to the 5-day average delivery volume, highlighting rising investor participation. With a market capitalization of Rs 1,85,787.27 crore, Adani Green Energy continues to demonstrate liquidity suitable for trades of Rs 25.87 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong trading metrics underscore the stock's active presence in the market.