Power Grid Corporation Sees 13.46% Surge in Open Interest, Reaching 69,757 Contracts

Power Grid Corporation of India Ltd, a prominent player in the power industry, has experienced a significant increase in open interest today. The latest open interest stands at 69,757 contracts, reflecting a rise of 8,276 contracts or 13.46% from the previous open interest of 61,481. This uptick coincides with a trading volume of 33,016 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Power Grid Corporation is currently trading at an underlying value of Rs 280. The stock has shown a slight decline of 0.14% today, which is in line with the sector's performance, as the broader power sector has also seen a decrease of 0.40%. Notably, the stock has reversed its trend after three consecutive days of decline, although it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

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, marking a 20.27% rise against the 5-day average delivery volume. Overall, the notable increase in open interest highlights a shift in market dynamics for Power Grid Corporation of India Ltd, reflecting active trading conditions.