Surge in Open Interest for Power Grid Signals Increased Market Activity Amid Price Challenges
Power Grid Corporation of India Ltd has seen a notable rise in open interest, reaching 72,269 contracts, alongside a trading volume of 34,896 contracts. Despite this increased market activity, the stock is trading below its key moving averages and has recorded a slight decline in its price performance.
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 72,269 contracts, up from the previous 60,235 contracts, marking a change of 12,034 contracts or a 19.98% increase. This surge in open interest coincides with a trading volume of 34,896 contracts, indicating robust participation in the market.In terms of financial metrics, Power Grid Corporation is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend in its price performance. The stock has recorded a 1D return of -1.34%, while the sector and Sensex have seen returns of -1.17% and -0.79%, respectively.
Additionally, the company boasts a high dividend yield of 3.13% at the current price, and its liquidity remains favorable, with a trading capacity sufficient for a trade size of Rs 3.75 crore based on 2% of the 5-day average traded value.
In summary, the notable increase in open interest for Power Grid Corporation of India Ltd highlights a shift in market dynamics, while the stock continues to navigate a challenging trading environment.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
