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 significant 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 robust activity in the derivatives market.
In terms of financial metrics, CG Power's futures value is reported at Rs 72,537.44 lakhs, while the options value is substantially higher at Rs 8,954,168.29 lakhs, bringing the total value to Rs 74,225.42 lakhs. The underlying value of the stock is noted at Rs 722.

Despite this surge in open interest, the stock has underperformed its sector by 1.21% today, with a 1D return of -0.80%. Over the past two days, CG Power has seen a consecutive decline, totaling a drop of 2.6%. The stock's performance relative to moving averages shows it is above the 100-day and 200-day averages but below the shorter-term 5-day, 20-day, and 50-day averages.

Overall, the notable increase in open interest highlights a shift in market dynamics for CG Power, amidst a backdrop of fluctuating stock performance.