CESC Ltd Sees Significant Surge in Open Interest Amid Increased Trading Activity

Mar 24 2025 03:00 PM IST
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CESC Ltd has seen a notable rise in open interest, reaching 15,503 contracts, alongside a trading volume of 11,643 contracts, indicating increased market activity. The stock has gained 4.9% over two days and shows strong liquidity with a delivery volume of 21.88 lakh shares.
CESC Ltd, a prominent player in the Power Generation and Distribution sector, has experienced a significant increase in open interest today. The latest open interest stands at 15,503 contracts, reflecting a rise of 2,424 contracts or 18.53% from the previous open interest of 13,079. This surge in open interest comes alongside a trading volume of 11,643 contracts, indicating heightened activity in the stock.

In terms of price performance, CESC has shown resilience, gaining 4.9% over the past two days, with a notable intraday high of Rs 155, marking a 2.77% increase for the day. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The broader Power Generation and Distribution sector has also seen a positive movement, gaining 2.28% today.

Additionally, CESC's delivery volume reached 21.88 lakh shares on March 21, reflecting a 42.77% increase compared to the 5-day average, suggesting robust liquidity. With a market capitalization of Rs 20,414 crore, CESC continues to maintain a strong position in the market. Overall, the notable rise in open interest and trading activity underscores the stock's current dynamics within the sector.
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