JSW Energy Sees 16.52% Surge in Open Interest, Reaching 65,657 Contracts

JSW Energy Ltd, a mid-cap player in the power industry, has experienced a significant increase in open interest today. The latest open interest stands at 65,657 contracts, reflecting a notable rise of 9,310 contracts or 16.52% from the previous open interest of 56,347. This surge in open interest comes alongside a trading volume of 43,279 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, JSW Energy has underperformed its sector by 0.8%, with a 1-day return of -0.53%. The stock has shown a trend reversal, falling after two consecutive days of gains. Currently, it is trading above its 50-day, 100-day, and 200-day moving averages, yet below its 5-day and 20-day moving averages, suggesting mixed short-term momentum.

Additionally, the stock's delivery volume reached 15.55 lakh shares on October 23, marking a 22.81% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 92,710.38 crore, JSW Energy remains a liquid stock, suitable for trades up to Rs 3.18 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for JSW Energy.