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 has outperformed its sector by 1.86% today, continuing a positive trend with three consecutive days of gains, amounting to a total return of 14.28% 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 stock has shown rising investor participation, with a delivery volume of 41.51 lakh shares on October 30, marking an increase of 82.19% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,84,180.90 crore, Adani Green Energy remains a liquid stock, suitable for trades of approximately Rs 25.87 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest and strong trading metrics highlight the active engagement in Adani Green Energy's stock, reflecting its current market dynamics.