SJVN Ltd. Sees Significant Surge in Open Interest Amid Increased Trading Activity

SJVN Ltd., a prominent player in the power generation and distribution sector, has experienced a significant increase in open interest today. The latest open interest stands at 12,996 contracts, reflecting a rise of 2,103 contracts or 19.31% from the previous open interest of 10,893. This surge in open interest coincides with a trading volume of 19,189 contracts, indicating heightened activity in the stock.
In terms of performance, SJVN has outperformed its sector by 3.41%, marking a notable gain of 5.52% over the last two days. The stock reached an intraday high of Rs 100.9, representing a 5.25% increase during the trading session. Additionally, SJVN's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also seen a rise, with a delivery volume of 25.61 lakh shares on April 21, up 52.07% compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 0.8 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong performance metrics highlight SJVN's active market presence today.