Suzlon Energy Sees 13.86% Surge in Open Interest Amid Increased Trading Activity

Suzlon Energy Ltd, a prominent player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest today. The latest open interest stands at 68,427 contracts, reflecting a rise of 8,331 contracts or 13.86% from the previous open interest of 60,096. This uptick coincides with a trading volume of 76,438 contracts, indicating robust activity in the stock.
In terms of price performance, Suzlon Energy has outperformed its sector by 0.82%, with the stock gaining 7.84% over the last two days. Today, it reached an intraday high of Rs 58.78, marking a 4.55% increase. The weighted average price suggests that more volume was traded closer to the lower price range, while the stock's moving averages indicate it is above the 5-day, 20-day, and 50-day averages but below the 100-day and 200-day averages.

Additionally, the renewable energy sector has seen a gain of 2.13%. Notably, the delivery volume on October 28 surged to 5.67 crore shares, a remarkable increase of 149.76% compared to the 5-day average delivery volume. With a market capitalization of Rs 78,537.48 crore, Suzlon Energy continues to demonstrate liquidity suitable for trades around Rs 6.74 crore. Overall, the notable rise in open interest and trading activity underscores the stock's current market dynamics.