Power Grid Corporation Sees 12.61% Surge in Open Interest, Reaching 69,232 Contracts
Power Grid Corporation of India Ltd has seen a notable rise in open interest, reaching 69,232 contracts, alongside a trading volume of 27,094 contracts. The stock has outperformed its sector slightly and shows increased liquidity, with a significant delivery volume noted recently, indicating active market participation.
Power Grid Corporation of India Ltd (POWERGRID) has experienced a significant increase in open interest today, reflecting heightened activity in its futures market. The latest open interest stands at 69,232 contracts, up from the previous figure of 61,481, marking a change of 7,751 contracts or a 12.61% increase. This surge coincides with a trading volume of 27,094 contracts, indicating robust participation in the market.In terms of performance, Power Grid Corporation has outperformed its sector by 0.59%, despite a recent trend of consecutive falls, with no losses recorded today. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. The underlying value of the stock is noted at Rs 279, with a total futures value of approximately Rs 65,977.37 lakhs and an options value of around Rs 8,386.73 lakhs.
Additionally, the stock boasts a high dividend yield of 3.17% and has shown increased liquidity, with a delivery volume of 1.04 crore on September 29, reflecting a 20.27% rise against the 5-day average. Overall, the notable increase in open interest for Power Grid Corporation of India Ltd highlights a dynamic trading environment, warranting attention from market participants.
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