JSW Energy Sees 14.95% Surge in Open Interest, Reaching 66,434 Contracts

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, reflecting a rise of 8,639 contracts or 14.95% from the previous OI of 57,795. This uptick in OI coincides with a trading volume of 46,037 contracts, indicating heightened activity in the derivatives market.
In terms of performance, JSW Energy has outperformed its sector by 0.44% today, with a 1.15% return on the day. The stock has shown consistent gains over the past two days, accumulating a total return of 2.43% during this period. Notably, JSW Energy is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price trajectory.

However, it is worth mentioning that the delivery volume has decreased by 29.64% compared to the 5-day average, with a total of 13.07 lakh shares delivered on October 28. The liquidity remains robust, with the stock being liquid enough for a trade size of Rs 3.13 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for JSW Energy, reflecting the stock's current standing in the market.