JSW Energy Sees 11.32% Surge in Open Interest Amid Increased Trading 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 derivatives market. The latest open interest stands at 63,188 contracts, reflecting a rise of 6,426 contracts or 11.32% from the previous open interest of 56,762. This uptick comes alongside a trading volume of 24,241 contracts, indicating robust engagement from market participants.
In terms of price performance, JSW Energy has shown resilience, outperforming its sector by 0.31%. The stock has reversed its trend after three consecutive days of decline, reaching an intraday high of Rs 531.85, which marks a gain of 2.26% for the day. While the stock is currently above its 20-day and 100-day moving averages, it remains below its 5-day, 50-day, and 200-day moving averages.

Despite a decrease in delivery volume, which fell by 47.16% compared to the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 2.56 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest and the stock's recent performance highlight a significant moment for JSW Energy in the current market landscape.