Surge in Open Interest Signals Increased Trading Activity for Torrent Power Ltd.
Torrent Power Ltd. has seen a notable rise in open interest, reaching 10,553 contracts, alongside a trading volume of 10,393 contracts. The stock has outperformed its sector, gaining 3.06% today and 19.65% over the past six days, indicating strong market engagement and liquidity.
Torrent Power Ltd. has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 10,553 contracts, up from the previous 9,588, marking a change of 965 contracts or a 10.06% increase. The trading volume for the day reached 10,393 contracts, contributing to a futures value of approximately Rs 19,326.13 lakhs.In terms of price performance, Torrent Power has outperformed its sector by 0.79%, with the stock gaining 3.06% today alone. Over the past six days, the stock has shown a remarkable rise of 19.65%. It reached an intraday high of Rs 1,547, reflecting a 3.23% increase. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average.
The power generation and distribution sector has also seen a gain of 2.28%. Notably, the delivery volume on March 21 surged to 631,000 shares, a 150.39% increase compared to the 5-day average, indicating robust liquidity for trades sized at Rs 2.17 crore. Overall, the notable rise in open interest and strong trading metrics highlight the active engagement surrounding Torrent Power Ltd. in the market today.
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