CESC Ltd Sees Significant Rise in Open Interest Amid Active Market Participation

Mar 24 2025 01:00 PM IST
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CESC Ltd, a key player in the Power Generation and Distribution sector, has seen a significant rise in open interest, reaching 14,880 contracts. The trading volume for the day was 8,992 contracts, indicating strong market activity. The stock's price is currently above several moving averages, reflecting ongoing investor interest.
CESC Ltd, a prominent player in the Power Generation and Distribution sector, has experienced a notable increase in open interest today. The latest open interest stands at 14,880 contracts, reflecting a rise of 1,801 contracts or 13.77% from the previous open interest of 13,079. The trading volume for the day reached 8,992 contracts, indicating active participation in the market.

In terms of price performance, CESC Ltd has underperformed its sector by 1%, despite gaining 3.82% over the last two days. The stock reached an intraday high of Rs 154.45, marking a 2.41% increase. Currently, the stock's price is above its 5-day, 20-day, and 50-day moving averages, yet it remains below the 100-day and 200-day moving averages.

The Power Generation and Distribution sector overall has seen a gain of 2.01%. Additionally, CESC Ltd recorded a delivery volume of 21.88 lakh shares on March 21, which is a significant 42.77% increase compared to its 5-day average delivery volume. With a market capitalization of Rs 20,414 crore, CESC Ltd continues to maintain a liquid trading environment, suitable for transactions of approximately Rs 1.38 crore. Overall, the increase in open interest highlights a shift in market dynamics for CESC Ltd.
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