CG Power & Industrial Solutions Sees 11.79% Surge in Open Interest to 32,241 Contracts

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 32,241 contracts, reflecting a rise of 3,401 contracts or 11.79% from the previous open interest of 28,840. The trading volume for the day reached 25,983 contracts, indicating active participation in the market.
In terms of price performance, CG Power underperformed its sector by 2%, with the stock hitting an intraday low of Rs 729.7, down 2.52%. The weighted average price suggests that more volume was traded closer to this low price point. Notably, the stock is currently above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.

Investor participation has also seen a rise, with delivery volume on October 29 reaching 21.89 lakh shares, a significant increase of 56.11% compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 5 crore based on 2% of the 5-day average traded value.

In summary, CG Power & Industrial Solutions Ltd is witnessing increased open interest alongside active trading, reflecting a dynamic market environment.