Power Grid Corporation Sees 10.24% Surge in Open Interest to 72,834 Contracts

Power Grid Corporation of India Ltd (POWERGRID) has experienced a notable increase in open interest (OI) today, reflecting heightened activity in its futures market. The latest OI stands at 72,834 contracts, marking an increase of 6,766 contracts or 10.24% from the previous OI of 66,068. This surge in OI coincides with a trading volume of 16,907 contracts, indicating robust engagement from market participants.
In terms of financial metrics, the stock's performance today aligns closely with its sector, showing a slight decline of 0.36%, compared to a sector decline of 0.52% and a Sensex drop of 0.31%. The stock is currently trading above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Power Grid Corporation boasts a market capitalization of Rs 2,69,717.51 crore, categorizing it as a large-cap entity within the power industry. Additionally, the stock offers a high dividend yield of 3.06%, enhancing its appeal to income-focused investors. However, delivery volume has seen a decline of 11.01% compared to the 5-day average, suggesting a potential shift in trading dynamics. Overall, the increase in open interest highlights a significant moment for POWERGRID, reflecting ongoing market engagement.