Power Grid Corporation Sees 15.05% Surge in Open Interest, Reaching 75,170 Contracts
Power Grid Corporation of India Ltd has seen a notable rise in open interest, reaching 75,170 contracts, alongside a trading volume of 37,582 contracts. The stock has outperformed its sector and is trading above key moving averages, indicating a strong upward trend and favorable liquidity in the market.
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 75,170 contracts, up from the previous figure of 65,334, marking a change of 9,836 contracts or a 15.05% increase. This surge coincides with a trading volume of 37,582 contracts, indicating robust participation in the market.In terms of performance, Power Grid Corporation has outperformed its sector by 1.09%, with a one-day return of 1.01%. 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. Notably, the stock has a high dividend yield of 3.08%, which may appeal to income-focused investors.
Additionally, the liquidity of the stock remains favorable, with a trading capacity of Rs 8.41 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive performance metrics highlight the current dynamics surrounding Power Grid Corporation of India Ltd, reflecting its strong position within the power industry.
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