SJVN Ltd. Sees Significant Surge in Open Interest Amid Increased Trading Activity

SJVN 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 12,996 contracts, reflecting a rise of 2,103 contracts or 19.31% from the previous open interest of 10,893. This surge in open interest coincides with a trading volume of 19,189 contracts, indicating heightened activity in the stock.
In terms of price performance, SJVN has outperformed its sector by 4.12%, marking a consecutive gain over the last two days with a total return of 5.84% during this period. The stock reached an intraday high of Rs 100.9, representing a 5.25% increase. Notably, SJVN's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the stock has shown rising investor participation, with a delivery volume of 25.61 lakh shares on April 21, which is up by 52.07% compared to the 5-day average delivery volume. With a market capitalization of Rs 38,689 crore, SJVN continues to demonstrate robust liquidity, supporting trade sizes of Rs 0.8 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and positive price movements highlight the stock's current market dynamics.