Suzlon Energy Sees Significant 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 22,684 contracts, marking a notable rise of 4,946 contracts or 27.88% from the previous open interest of 17,738. This surge coincides with a trading volume of 27,774 contracts, indicating heightened activity in the stock.
In terms of market performance, Suzlon Energy has outperformed its sector by 0.59%, with a one-day return of 0.47%. The stock is currently valued at Rs 63, and while it is above the 100-day and 200-day moving averages, it remains below the 5-day, 20-day, and 50-day moving averages. Notably, there has been a decline in investor participation, with delivery volume dropping by 42.71% compared to the 5-day average.

The total futures value is reported at Rs 37,341.14 lakhs, while the options value is significantly higher at Rs 11,233.60 crores, bringing the total value to Rs 39,966.85 lakhs. With a market capitalization of Rs 86,103 crores, Suzlon Energy continues to maintain a liquid trading environment, suitable for transactions up to Rs 7.58 crores based on 2% of the 5-day average traded value. Overall, the increase in open interest reflects a dynamic trading atmosphere surrounding Suzlon Energy.