Tata Power Sees Significant Open Interest Surge Amid Active Market Participation

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 123,440 contracts, reflecting a rise of 14,676 contracts or 13.49% from the previous open interest of 108,764. This surge in open interest is accompanied by a trading volume of 67,349 contracts, indicating active participation in the market.
In terms of financial performance, Tata Power has shown a slight underperformance compared to its sector, with a 1D return of 0.06%, while the sector and Sensex recorded returns of 0.42% and 0.62%, respectively. The stock has been on a positive trajectory over the past two days, gaining 1.66% during this period. Notably, Tata Power is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a favorable trend in its price movement.

Despite a decline in delivery volume, which fell by 33.96% against the 5-day average, the stock remains liquid enough for trades sized at Rs 4.64 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 1,28,852 crore, Tata Power continues to solidify its position in the large-cap segment of the power industry.