Tata Power Sees Significant Surge in Open Interest Amid Increased Trading Activity

Tata Power Company Ltd, a prominent player in the power generation and distribution sector, has experienced a significant increase in open interest today. The latest open interest stands at 109,720 contracts, reflecting a rise of 13.48% from the previous open interest of 96,687 contracts, marking a change of 13,033 contracts. The trading volume for the day reached 57,445 contracts, contributing to a total futures value of approximately Rs 56,620 lakhs.
In terms of price performance, Tata Power's stock is currently trading at an underlying value of Rs 394. The stock's performance today aligns closely with the sector, showing a 1-day return of -0.67%, compared to a sector return of -0.05% and a Sensex return of -0.46%. Notably, the stock is performing above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average.

Additionally, the stock has seen a notable increase in delivery volume, with 46.05 lakh shares delivered on May 14, representing a 49.17% rise against the 5-day average delivery volume. With a market capitalization of Rs 1,25,992.24 crore, Tata Power continues to maintain a liquid trading environment, suitable for transactions of Rs 2.71 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading activity highlights a dynamic day for Tata Power in the market.