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 in open interest comes alongside a trading volume of 55,519 contracts, indicating active market engagement.
In terms of financial metrics, Tata Power is currently trading at an underlying value of Rs 399. The company's performance today has outpaced its sector by 0.99%, despite a slight decline of 0.55% over the past two days. Notably, Tata Power is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust position in the market.

However, it is worth mentioning that the delivery volume has decreased significantly, with a reported 17.34 lakh shares delivered on October 30, marking a decline of 45.1% compared to the 5-day average. The liquidity remains adequate for trading, with a size of Rs 4.73 crore based on 2% of the 5-day average traded value.

In summary, the notable increase in open interest for Tata Power Company Ltd highlights a dynamic trading environment, while the stock's performance metrics reflect its current market standing.