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

Suzlon Energy Ltd, a prominent player in the Heavy Electrical Equipment industry, 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 in open interest coincides with a trading volume of 76,438 contracts, indicating heightened activity in the stock.
In terms of price performance, Suzlon Energy has outperformed its sector by 0.38% today, with a 1-day return of 0.53%. The stock has shown consistent gains over the past three days, accumulating a total return of 8.99% during this period. While the stock's price is currently above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages.

Additionally, the stock has seen a notable increase in delivery volume, with 5.11 crore shares delivered on October 29, marking a 69.57% rise compared to the 5-day average delivery volume. With a market capitalization of Rs 79,557.45 crore, Suzlon Energy continues to demonstrate liquidity suitable for trades around Rs 10.17 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading activity highlights a dynamic trading environment for Suzlon Energy.