JSW Energy Sees 14.92% Surge in Open Interest Amid Declining Stock Performance

JSW Energy Ltd, a mid-cap player in the power industry, has experienced a notable increase in open interest today. The latest open interest stands at 63,330 contracts, reflecting a significant rise of 8,222 contracts or 14.92% from the previous open interest of 55,108. This surge comes alongside a trading volume of 37,462 contracts, indicating active participation in the derivatives market.
In terms of price performance, JSW Energy has underperformed its sector by 0.38%, with a one-day return of -1.22%. The stock has been on a downward trend, having lost 4.34% over the last three days. Currently, the stock is trading below its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average.

Investor participation appears to be declining, as evidenced by a delivery volume of 10.39 lakh shares on September 25, which is down 5.79% compared to the 5-day average. With a market capitalization of Rs 91,259.73 crore, JSW Energy continues to maintain liquidity suitable for trades up to Rs 3.25 crore. Overall, the increase in open interest highlights a shift in market dynamics for JSW Energy, warranting attention from market participants.