JSW Energy Sees 13.43% Surge in Open Interest Amid Active Trading Activity

JSW Energy Ltd, a mid-cap player in the power sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 64,383 contracts, reflecting a rise of 7,621 contracts or 13.43% from the previous OI of 56,762. This uptick in OI comes alongside a trading volume of 33,108 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, JSW Energy has outperformed its sector by 1.68%, reversing a three-day decline. The stock reached an intraday high of Rs 531.85, marking a gain of 2.26% for the day. Notably, the stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below its 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 a trade size of Rs 2.56 crore based on 2% of the five-day average traded value. Overall, the notable increase in open interest and the stock's recent performance highlight a dynamic trading environment for JSW Energy.