Suzlon Energy Sees 13.86% Surge in Open Interest to 68,427 Contracts

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, marking 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, reflecting active participation in the stock.
In terms of performance, Suzlon Energy has shown resilience, gaining 8.84% over the past three days. The stock's current price is aligned with its sector performance, with a 1-day return of 0.12%, compared to a sector return of 0.06% and a decline of 0.52% in the Sensex. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

Additionally, the delivery volume on October 29 reached 5.11 crore shares, a notable increase of 69.57% compared to the 5-day average delivery volume, indicating rising investor participation. With a market capitalization of Rs 79,231.06 crore, Suzlon Energy continues to maintain a liquid trading environment, suitable for transactions of 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 phase for Suzlon Energy in the current market landscape.