Dixon Technologies Sees Surge with 10,130 Active Call Contracts at Rs 16,000 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, saw significant activity in the options market, with 10,130 call contracts traded at a strike price of Rs 16,000, resulting in a turnover of Rs 70.80 lakhs. The open interest for these contracts stands at 5,869, indicating a robust interest among traders.
Despite this activity, Dixon Technologies has underperformed its sector by 1.05% today, with a stock return of -0.93%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Currently, it is trading at an underlying value of Rs 14,970, which is higher than both the 50-day and 200-day moving averages but lower than the 5-day, 20-day, and 100-day moving averages.

Investor participation appears to be declining, as evidenced by a delivery volume of 1.54 lakhs on May 27, which has decreased by 48.88% compared to the 5-day average. The liquidity remains adequate for a trade size of Rs 28.04 crore, based on 2% of the 5-day average traded value. Overall, Dixon Technologies continues to be a focal point in the market, reflecting a mix of active trading and shifting performance metrics.