JSW Energy Sees 14.95% Surge in Open Interest Amidst Price Decline

JSW Energy Ltd, a mid-cap player in the power industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 66,434 contracts, marking a rise of 8,639 contracts or 14.95% from the previous OI of 57,795. This uptick in OI comes alongside a trading volume of 46,037 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, JSW Energy has underperformed its sector by 0.46%, with a 1-day return of -0.29%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 0.84% during this period. Notably, the stock's price is currently above its 5-day, 50-day, 100-day, and 200-day moving averages, yet it remains below the 20-day moving average.

Investor participation appears to be waning, as evidenced by a delivery volume of 10.87 lakh shares on October 29, which has decreased by 38.94% compared to the 5-day average. With a market capitalization of Rs 93,138.58 crore, JSW Energy continues to maintain a liquid trading environment, suitable for transactions up to Rs 3.61 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest reflects a shift in market dynamics for JSW Energy, warranting attention from market participants.