Dixon Technologies Sees Surge in Call Options with 7,340 Contracts at Rs 15,000 Strike

Dixon Technologies (India) Ltd, a prominent player in the Electronics & Appliances sector, has emerged as one of the most active stocks today. The company’s underlying stock, DIXON, has seen significant trading activity, with 7,340 call contracts traded at a strike price of Rs 15,000, resulting in a turnover of approximately Rs 1,457.86 lakhs. The open interest stands at 4,863 contracts, indicating a robust engagement from market participants.
Today, Dixon Technologies outperformed its sector by 0.38%, marking a notable trend reversal after five consecutive days of decline. The stock reached an intraday high of Rs 14,763, reflecting a gain of 2.14%. However, it is important to note that the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging short-term performance.

Despite a decrease in delivery volume, which fell by 34.35% compared to the 5-day average, the stock remains liquid enough for trades sized at Rs 11.09 crore, based on 2% of the 5-day average traded value. With a market capitalization of Rs 88,849.01 crore, Dixon Technologies continues to be a significant entity in the large-cap segment. Overall, today's trading activity highlights the stock's resilience amid recent volatility.