Tata Power Sees 12.65% Surge in Open Interest, Reaching 82,305 Contracts

Tata Power Company Ltd, a prominent player in the power industry, has experienced a significant increase in open interest today. The latest open interest stands at 82,305 contracts, reflecting a rise of 9,244 contracts or 12.65% from the previous open interest of 73,061. This uptick comes alongside a trading volume of 55,519 contracts, indicating active participation in the market.
In terms of financial metrics, Tata Power's futures value is reported at Rs 1,08,035.63 lakhs, while the options value is notably high at Rs 22,077.66 crore, contributing to a total value of Rs 1,11,525.54 lakhs. The underlying value of the stock is currently at Rs 399.

Despite this surge in open interest, Tata Power has faced challenges in recent trading sessions, having outperformed its sector by a mere 0.27% today. The stock has been on a downward trend, recording a -1.14% decline over the past two days. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, although delivery volume has decreased by 45.1% compared to the 5-day average.

In summary, the notable increase in open interest for Tata Power Company Ltd highlights a shift in market dynamics, even as the stock navigates recent performance challenges.