Power Grid Corporation Sees 17.84% Surge in Open Interest, Reaching 76,987 Contracts
Power Grid Corporation of India Ltd has seen a notable rise in open interest, reaching 76,987 contracts, alongside a trading volume of 42,976 contracts, indicating strong activity in the derivatives market. The stock is performing well, trading above key moving averages and maintaining a significant market capitalization.
Power Grid Corporation of India Ltd (POWERGRID) has experienced a significant increase in open interest today, reflecting heightened activity in the derivatives market. The latest open interest stands at 76,987 contracts, up from the previous figure of 65,334, marking a change of 11,653 contracts or a 17.84% increase. This surge in open interest coincides with a trading volume of 42,976 contracts, indicating robust participation in the stock's futures market.In terms of price performance, Power Grid Corporation has outperformed its sector by 1.18%, with a one-day return of 0.87%. 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 boasts a high dividend yield of 3.08% at the current price, further enhancing its appeal to investors.
With a market capitalization of Rs 2,70,647.57 crore, Power Grid Corporation remains a significant player in the power industry. The recent increase in open interest, coupled with strong trading metrics, underscores the stock's active engagement in the market. Overall, the developments today highlight the stock's current momentum and market position.
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