Surge in Open Interest Signals Increased Market Activity for CG Power

Jul 02 2025 01:00 PM IST
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CG Power & Industrial Solutions Ltd has seen a notable rise in open interest, reaching 27,999 contracts, alongside a trading volume of 12,707 contracts. Despite a decline in stock price, delivery volume surged significantly, indicating increased market engagement. The company maintains a strong market capitalization in its sector.
CG Power & Industrial Solutions Ltd (CGPOWER) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 27,999 contracts, up from the previous 23,132 contracts, marking a change of 4,867 contracts or a 21.04% increase. This surge coincides with a trading volume of 12,707 contracts, indicating robust engagement from market participants.

In terms of price performance, CG Power has underperformed its sector by 1.55%, with the stock falling 1.98% today. It reached an intraday low of Rs 665.75, representing a decline of 2.53%. Despite this downturn, the stock remains above its 100-day moving average, although it is trading below its 5-day, 20-day, 50-day, and 200-day moving averages.

Additionally, the stock has seen a notable rise in delivery volume, which increased by 111.07% compared to the 5-day average, reaching 23.98 lakh shares on July 1. With a market capitalization of Rs 1,02,371.83 crore, CG Power continues to be a significant player in the heavy electrical equipment industry. Overall, the increase in open interest highlights a shift in market dynamics for CG Power, reflecting ongoing trading activity.
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