JSW Energy Sees 12.61% Surge in Open Interest, Totaling 63,922 Contracts

JSW Energy Ltd, a mid-cap player in the power industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 63,922 contracts, up from the previous 56,762, marking a change of 7,160 contracts or a 12.61% increase. The trading volume for the day reached 38,188 contracts, indicating robust market engagement.
In terms of price performance, JSW Energy has outperformed its sector by 1.3%, reversing a three-day decline. The stock touched an intraday high of Rs 531.85, representing a gain of 2.26%. Notably, the stock's current price is above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average.

Despite this positive price movement, there has been a decline in investor participation, with delivery volume dropping by 47.16% compared to the five-day average. The liquidity remains adequate, supporting trade sizes of up to Rs 2.56 crore based on 2% of the five-day average traded value. Overall, the notable increase in open interest alongside the stock's recent performance highlights a dynamic trading environment for JSW Energy.