JSW Energy Sees Surge in Open Interest, Indicating Increased Futures Market Activity

JSW Energy Ltd, a mid-cap player in the power industry, has experienced a notable increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 61,188 contracts, reflecting a rise of 5,638 contracts or 10.15% from the previous open interest of 55,550. This surge coincides with a trading volume of 28,584 contracts, contributing to a total futures value of approximately Rs 77,232.67 lakhs.
In terms of price performance, JSW Energy has outperformed its sector by 0.89%, marking a positive trend reversal after four consecutive days of decline. The stock's current price is positioned above its 50-day and 100-day moving averages, yet remains below the 5-day, 20-day, and 200-day moving averages. Notably, the delivery volume has decreased by 6.92% compared to the 5-day average, indicating a decline in investor participation.

With a market capitalization of Rs 91,635.50 crore, JSW Energy continues to demonstrate liquidity suitable for trades up to Rs 2.42 crore, reflecting its stable position within the market. Overall, the increase in open interest and recent price movements highlight significant activity surrounding JSW Energy, underscoring the stock's current market dynamics.