Surge in Open Interest Signals Increased Activity in CG Power's Futures Market

Mar 25 2025 01:00 PM IST
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CG Power & Industrial Solutions Ltd has seen a notable rise in open interest, reaching 24,665 contracts, alongside a trading volume of 14,868 contracts. The stock has outperformed its sector and experienced a significant increase in delivery volume, indicating strong market activity and participation.
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 24,665 contracts, up from the previous 22,142, marking a change of 2,523 contracts or an 11.39% increase. This surge in open interest coincides with a trading volume of 14,868 contracts, indicating robust participation in the stock's derivatives.

In terms of price performance, CG Power has outperformed its sector by 1.02%, reversing a three-day decline. The stock reached an intraday high of Rs 652.55, representing a gain of 3.1% for the day. While the stock is currently above its 20-day and 50-day moving averages, it remains below its 5-day, 100-day, and 200-day moving averages, suggesting mixed momentum in the short to medium term.

Additionally, the stock's delivery volume has seen a notable rise, with 28.26 lakh shares delivered on March 24, reflecting a 61.04% increase compared to the five-day average. With a market capitalization of Rs 96,808.01 crore, CG Power continues to maintain a liquid trading environment, suitable for transactions of approximately Rs 4.37 crore. Overall, the increase in open interest and trading volume highlights a dynamic trading session for CG Power, underscoring the stock's active market presence.
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