Surge in Open Interest Signals Shift in Market Dynamics for CG Power

May 27 2025 03:00 PM IST
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CG Power & Industrial Solutions Ltd has seen a significant rise in open interest, reaching 28,083 contracts, alongside a trading volume of 10,897 contracts. The total futures and options value amounts to Rs 36,930.25 lakhs, reflecting active market engagement despite mixed performance indicators.
CG Power & Industrial Solutions Ltd, a prominent player in the Heavy Electrical Equipment sector, has experienced a notable increase in open interest today. The latest open interest stands at 28,083 contracts, reflecting a rise of 2,821 contracts or 11.17% from the previous open interest of 25,262. This surge in open interest comes alongside a trading volume of 10,897 contracts, indicating active market engagement.

In terms of financial metrics, the total futures value is reported at Rs 36,722.57 lakhs, while the options value significantly surpasses this at Rs 1,881,603.85 lakhs, bringing the total value to Rs 36,930.25 lakhs. The underlying value of the stock is noted at Rs 693.

Despite this increase in open interest, CG Power underperformed its sector by 0.53% today, with a 1-day return of -0.39%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Additionally, delivery volume has decreased by 47.28% compared to the 5-day average, indicating a decline in investor participation.

Overall, the increase in open interest highlights a significant shift in market dynamics for CG Power, amidst varying performance indicators.
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