Dixon Technologies Sees 21,514 Active Call Contracts at Rs 17,000 Strike Price

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, is currently trading at a value of Rs 16,755. Notably, the stock has seen significant activity in the options market, with 21,514 call contracts traded for a strike price of Rs 17,000, resulting in a turnover of approximately Rs 1,913.35 lakhs. The open interest stands at 3,750 contracts, indicating a robust interest in this option.
In terms of performance, Dixon Technologies is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a positive trend in its price movement. The stock's one-day return is recorded at 1.17%, which is slightly below the sector's return of 1.28%, while the broader Sensex has seen a decline of 0.14%. However, it is worth noting that investor participation has seen a decline, with delivery volume dropping by 5.95% compared to the 5-day average.

Overall, Dixon Technologies continues to maintain a strong market position within its industry, supported by solid trading metrics and performance indicators.