JSW Energy Sees 14.95% Surge in Open Interest Amid Increased Trading Activity

JSW Energy Ltd, a prominent player in the power sector, has experienced a significant increase in open interest today. The latest open interest stands at 66,434 contracts, reflecting a rise of 8,639 contracts or 14.95% from the previous open interest of 57,795. This uptick comes alongside a trading volume of 46,037 contracts, indicating active participation in the derivatives market.
In terms of financial metrics, JSW Energy's futures value is reported at Rs 118,740.95 lakhs, while the options value is substantially higher at Rs 13,393,297.39 lakhs, contributing to a total value of Rs 120,501.93 lakhs. The underlying value of the stock is noted at Rs 537.

On the price front, JSW Energy's performance today aligns closely with the sector, showing a 1D return of -1.24%, slightly better than the sector's return of -1.34% and the Sensex's decline of -0.40%. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Notably, delivery volume has decreased significantly, down by 69.78% compared to the 5-day average, indicating a decline in investor participation.

In summary, the notable increase in open interest for JSW Energy highlights a shift in market dynamics, while the stock's performance metrics reflect its current standing within the power industry.