Surge in Open Interest Signals Increased Market Activity for Torrent Power Ltd.
Torrent Power Ltd. has seen a notable rise in open interest, reaching 9,909 contracts, alongside a trading volume of 6,746 contracts. Despite this activity, the stock has underperformed its sector and is trading below key moving averages, indicating a bearish trend amid decreased delivery volume.
Torrent Power Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 9,909 contracts, up from the previous open interest of 8,470 contracts, marking a change of 1,439 contracts or a 16.99% increase. The trading volume for the day reached 6,746 contracts, indicating robust trading activity.In terms of price performance, Torrent Power has underperformed its sector by 1.8%, 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, 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 operates within the power industry as a midcap player. The total futures value is reported at Rs 10,536.02 lakhs, while the options value is significantly higher at Rs 2,376,018.27 lakhs. Overall, the increase in open interest highlights a shift in market dynamics for Torrent Power, amidst a challenging trading environment.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
