Power Grid Corporation Sees 12.23% Surge in Open Interest, Reaching 73,326 Contracts

Power Grid Corporation of India Ltd, a prominent player in the power sector, has experienced a significant increase in open interest today. The latest open interest stands at 73,326 contracts, reflecting a rise of 7,992 contracts or 12.23% from the previous open interest of 65,334. This uptick in open interest comes alongside a trading volume of 30,260 contracts, indicating heightened activity in the derivatives market.
In terms of performance, Power Grid Corporation has outperformed its sector by 1.17%, with a one-day return of 1.20%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the stock has shown a notable increase in delivery volume, with 1.7 crore shares delivered on October 24, marking a 71.06% rise compared to the 5-day average.

With a market capitalization of Rs 2,71,531.13 crore, Power Grid Corporation maintains a high dividend yield of 3.08% at the current price, further solidifying its position in the market. Overall, the increase in open interest and robust trading metrics highlight the stock's active engagement in the market today.