Dixon Technologies Sees Surge in Call Options with 16,749 Contracts at Rs 17,000 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 16,749 contracts traded in call options set to expire on May 29, 2025, at a strike price of Rs 17,000. This activity has generated a turnover of approximately Rs 4,843.21 lakhs, while the open interest stands at 4,943 contracts, indicating a robust interest in this option.
In terms of performance metrics, Dixon Technologies has underperformed its sector by 0.56%, despite reaching an intraday high of Rs 17,025, reflecting a 2.72% increase during the trading session. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in the short to medium term. However, it is noteworthy that investor participation has declined, with a delivery volume of 68.91k on May 19, down 46.09% compared to the 5-day average.

With a market capitalization of Rs 1,01,197.64 crore, Dixon Technologies continues to maintain a liquid trading environment, suitable for transactions up to Rs 8.65 crore based on 2% of the 5-day average traded value. Overall, the stock's activity today highlights its significant presence in the market, despite some fluctuations in investor engagement.