Torrent Power Sees Surge in Open Interest Amidst Market Dynamics Shift

Aug 05 2025 01:00 PM IST
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Torrent Power Ltd. has seen a notable rise in open interest, reaching 9,724 contracts, alongside a trading volume of 5,009 contracts, indicating heightened market activity. Despite this, the stock has underperformed its sector and is trading below key moving averages, reflecting a bearish trend.
Torrent Power Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 9,724 contracts, up from the previous OI of 8,470 contracts. This marks a change of 1,254 contracts, reflecting a percentage increase of 14.81%. The trading volume for the stock reached 5,009 contracts, indicating active participation in the market.

In terms of price performance, Torrent Power has underperformed its sector by 0.86%, with the stock touching an intraday low of Rs 1,280.1, representing a decline of 2.44%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Additionally, the delivery volume has decreased by 20.93% compared to the 5-day average, indicating a decline in investor participation.

With a market capitalization of Rs 66,530 crore, Torrent Power remains a significant player in the power industry. The notable increase in open interest today highlights a shift in market dynamics, warranting attention from market participants.
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