Surge in Open Interest Signals Shift in Market Dynamics for CG Power
CG Power & Industrial Solutions Ltd has seen a notable rise in open interest, reaching 22,053 contracts, alongside a trading volume of 14,368 contracts, indicating increased market activity. Despite this, the stock has underperformed its sector, reflecting mixed short-term trends and rising investor participation.
CG Power & Industrial Solutions Ltd, a prominent player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 22,053 contracts, marking a rise of 3,283 contracts or 17.49% from the previous OI of 18,770. This uptick in OI coincides with a trading volume of 14,368 contracts, indicating heightened activity in the derivatives market.In terms of overall market performance, CG Power's stock has underperformed its sector by 0.58% today, with a 1-day return of -0.61%. The stock's price is currently positioned above its 5-day, 50-day, and 100-day moving averages, yet it remains below the 20-day and 200-day moving averages, reflecting mixed short-term trends.
Additionally, the stock has shown rising investor participation, with a delivery volume of 10.34 lakh shares on June 30, which is a slight increase of 0.33% compared to the 5-day average delivery volume. With a market capitalization of Rs 1,03,671.55 crore, CG Power continues to maintain a liquid trading environment, suitable for transactions up to Rs 2.96 crore based on 2% of the 5-day average traded value.
In summary, the notable increase in open interest highlights a shift in market dynamics for CG Power, while the stock's performance metrics suggest a complex trading landscape.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
CG Power & Industrial Solutions Sees Notable Surge in Derivatives Open Interest Amid Market Activity
CG Power & Industrial Solutions Sees Notable Surge in Derivatives Open Interest Amid Market Activity
