Torrent Power Sees Surge in Open Interest Amidst Increased Trading Activity

May 20 2025 03:00 PM IST
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Torrent Power Ltd. has seen a significant rise in open interest, reaching 13,572 contracts, alongside a trading volume of 19,867 contracts. Despite this increased trading activity, the stock has underperformed its sector and is trading below key moving averages, with a notable decline in delivery volume.
Torrent Power Ltd. has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 13,572 contracts, up from the previous figure of 12,301, marking a change of 1,271 contracts or a 10.33% increase. The trading volume for the day reached 19,867 contracts, indicating robust engagement in the market.

In terms of price performance, Torrent Power has underperformed its sector by 0.83%, with the stock recording a decline of 2.49% for the day. It has faced consecutive losses over the past two days, totaling a drop of 3.56%. The stock reached an intraday high of Rs 1,471.7, reflecting a gain of 3.33%, while the intraday low was Rs 1,390.5, down by 2.37%.

Despite the increase in open interest, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, delivery volume has decreased by 14.1% compared to the 5-day average, indicating a decline in investor participation. Overall, the developments in open interest and trading metrics highlight a significant day for Torrent Power in the context of its recent performance.
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