JSW Energy Sees 14.95% Surge in Open Interest Amid Active Derivatives Trading

JSW Energy Ltd, a mid-cap player in the power industry, has experienced a significant increase in open interest today, signaling notable trading activity. The latest open interest stands at 66,434 contracts, up from the previous 57,795 contracts, marking a change of 8,639 contracts or a 14.95% increase. The trading volume for the day reached 46,037 contracts, contributing to a total futures value of approximately Rs 118,740.95 lakhs.
In terms of price performance, JSW Energy has outperformed its sector by 0.26%, despite a 1.22% decline in its stock price today. The stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average. Notably, investor participation has decreased, with a delivery volume of 5.85 lakh shares on October 30, reflecting a decline of 69.78% compared to the 5-day average delivery volume.

With a market capitalization of Rs 92,911.37 crore, JSW Energy continues to maintain a liquid trading environment, suitable for transactions up to Rs 3.4 crore based on 2% of the 5-day average traded value. The increase in open interest, coupled with the current trading metrics, underscores the dynamic nature of the stock's market activity.