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

Adani Green Energy Ltd (symbol: ADANIGREEN), 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 coincides with a trading volume of 63,413 contracts, indicating heightened activity in the derivatives market.
In terms of performance, Adani Green has outperformed its sector by 2.14% today, marking its third consecutive day of gains with a total return of 14.41% 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 trend. Additionally, the delivery volume reached 41.51 lakh shares on October 30, which is an impressive 82.19% increase compared to the 5-day average delivery volume, highlighting rising investor participation.

With a market capitalization of Rs 1,86,452.53 crore, Adani Green Energy continues to demonstrate robust liquidity, supporting a trade size of Rs 25.87 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong performance metrics underscore the stock's active engagement in the market.