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

JSW Energy Ltd, a prominent player in the power sector, has experienced a significant increase in open interest today, signaling 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 uptick coincides with a trading volume of 46,037 contracts, reflecting robust engagement from market participants.
In terms of price performance, JSW Energy has outperformed its sector by 1.09%, with a one-day return of 0.47%. 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, the stock has seen a decline in delivery volume, with a reported 10.87 lakh shares delivered on October 29, down 38.94% compared to the 5-day average.

With a market capitalization of Rs 93,846.43 crore, JSW Energy continues to maintain a solid position within the mid-cap segment of the power industry. The increase in open interest, coupled with the current trading metrics, underscores the stock's active status in the market.