Key Events This Week
29 Dec 2025: Stock opens at Rs.1,282.60, down 1.30%
30 Dec 2025: Continued decline to Rs.1,266.25 (-1.27%)
31 Dec 2025: Rebound with 3.17% gain to Rs.1,306.40
1 Jan 2026: Further rise by 1.62% to Rs.1,327.50
2 Jan 2026: Intraday high and surge of 5.34% to close at Rs.1,398.35; Open interest spikes by 12.55%
29-30 December 2025: Early Week Weakness Amid Broader Market Decline
The week began with Torrent Power’s shares retreating on 29 December 2025, closing at Rs.1,282.60, down 1.30% from the previous close. This decline was in line with the Sensex, which fell 0.41% to 37,140.23 points. The following day, 30 December, the stock continued its downward trend, slipping another 1.27% to Rs.1,266.25, while the Sensex remained almost flat, down 0.01%. These early losses reflected cautious investor sentiment as the market approached year-end, with volumes relatively subdued at 10,196 and 7,446 shares respectively.
31 December 2025: Rebound Sparks Optimism
On the final trading day of 2025, Torrent Power reversed course, gaining 3.17% to close at Rs.1,306.40. This recovery outpaced the Sensex’s 0.83% rise to 37,443.41 points, signalling renewed buying interest. The stock’s volume dipped slightly to 6,385 shares, but the price action suggested a shift in momentum as investors positioned for the new year. The broader market’s positive tone helped support the rebound, with mid-cap stocks showing strength.
1 January 2026: Steady Gains Continue
Trading on 1 January 2026 saw Torrent Power extend its gains by 1.62%, closing at Rs.1,327.50. The Sensex also advanced modestly by 0.14% to 37,497.10 points. Volume increased to 9,785 shares, indicating growing participation. The stock’s steady climb above key moving averages reinforced its technical strength, setting the stage for a more pronounced rally.
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2 January 2026: Intraday High and Surge in Open Interest Signal Strong Momentum
The highlight of the week came on 2 January 2026, when Torrent Power surged 5.34% to close at Rs.1,398.35, marking the week’s high. The stock touched an intraday peak of Rs.1,397.40, outperforming the Sensex’s 0.81% gain to 37,799.57 points and the power sector’s 2.17% advance. This marked the third consecutive day of gains, cumulatively delivering an 8.78% return over this period.
Alongside the price rally, the derivatives market showed heightened activity with open interest rising sharply by 12.55% from 8,627 to 9,710 contracts. The accompanying volume of 8,747 contracts and a combined derivatives turnover of ₹9,684.59 lakhs underscored strong investor engagement. Futures and options segments contributed ₹8,751.21 lakhs and ₹4,291.20 crores respectively in notional value, reflecting robust market positioning.
Technically, Torrent Power traded above all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), signalling sustained bullish momentum. The stock’s Mojo Score stands at 52.0 with a Hold grade, upgraded from Sell in July 2025, indicating stabilisation in fundamentals and technical outlook.
Daily Price Comparison: Torrent Power vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2025-12-29 | Rs.1,282.60 | -1.30% | 37,140.23 | -0.41% |
| 2025-12-30 | Rs.1,266.25 | -1.27% | 37,135.83 | -0.01% |
| 2025-12-31 | Rs.1,306.40 | +3.17% | 37,443.41 | +0.83% |
| 2026-01-01 | Rs.1,327.50 | +1.62% | 37,497.10 | +0.14% |
| 2026-01-02 | Rs.1,398.35 | +5.34% | 37,799.57 | +0.81% |
Key Takeaways
Positive Signals: Torrent Power’s 7.60% weekly gain significantly outperformed the Sensex’s 1.35%, driven by strong intraday price action and a surge in derivatives open interest. The stock’s technical positioning above all major moving averages supports a sustained upward trend. The upgrade in Mojo Grade to Hold reflects improving fundamentals and market sentiment. The sharp increase in open interest and volume in the derivatives segment indicates fresh long positions and growing investor confidence.
Cautionary Notes: Despite the strong price rally, delivery volumes declined by 5.09% on 1 January 2026 compared to the five-day average, suggesting that short-term traders and derivatives players may be driving recent gains more than long-term holders. This dynamic could introduce volatility if speculative positions are unwound abruptly. Investors should monitor whether the rally broadens to include sustained accumulation by long-term investors.
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Conclusion
Torrent Power Ltd. demonstrated notable resilience and strength in the final week of 2025 and the opening days of 2026, with a 7.60% weekly gain that outpaced the broader market. The stock’s rally was underpinned by strong technical momentum, sustained buying interest, and a significant surge in derivatives open interest, signalling renewed market optimism. While the decline in delivery volumes suggests some caution, the overall market positioning points to a positive near-term outlook within the power sector. Investors and market watchers should continue to observe the stock’s price action and volume trends to gauge the sustainability of this momentum as the year progresses.
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