CG Power Sees Surge in Open Interest, Indicating Increased Trading Activity
CG Power & Industrial Solutions Ltd has seen a notable rise in open interest, reaching 26,542 contracts, alongside a trading volume of 17,737 contracts. The stock outperformed its sector and remains above several moving averages, despite a decline in delivery volume. Its market capitalization stands at Rs 1,00,859.52 crore.
CG Power & Industrial Solutions Ltd (symbol: CGPOWER) has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 26,542 contracts, up from the previous figure of 22,778, marking a change of 3,764 contracts or a 16.52% increase. The trading volume for the day reached 17,737 contracts, contributing to a total futures value of approximately Rs 30,710.29 lakhs.In terms of price performance, CG Power outperformed its sector by 1.71%, with the stock reaching an intraday high of Rs 660.8, reflecting a gain of 2.4% for the day. The stock's performance is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a decline in investor participation, with delivery volume dropping by 22.73% compared to the 5-day average.
With a market capitalization of Rs 1,00,859.52 crore, CG Power continues to maintain a strong position within the capital goods industry. The increase in open interest today highlights a notable shift in trading dynamics, underscoring the stock's active market presence.
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