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 today, reflecting heightened activity in its futures market. 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. This surge coincides with a trading volume of 46,037 contracts, indicating robust market engagement.
In terms of price performance, JSW Energy has underperformed its sector by 1.74% today, despite a consecutive gain over the last two days, yielding a total return of 1.82% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its short to long-term performance metrics.

While the power generation and distribution sector has gained by 2.2%, JSW Energy's delivery volume has seen a decline of 29.64% compared to its 5-day average, with a delivery volume of 13.07 lakh shares recorded on October 28. The stock maintains a market capitalization of Rs 94,003.73 crore, reflecting its mid-cap status. Overall, the notable increase in open interest highlights a dynamic trading environment for JSW Energy, amidst mixed performance indicators.