Dixon Technologies Sees 16,345 Puts at Rs 17,500 Amid 4.06% Stock Decline

Dixon Technologies (India) Ltd, a prominent player in the Electronics & Appliances sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options have seen significant trading activity, with 15,840 contracts traded at a strike price of Rs 17,000, resulting in a turnover of approximately Rs 471.32 lakhs. Additionally, another put option with a strike price of Rs 17,500 recorded 16,345 contracts traded, generating a turnover of around Rs 950.79 lakhs. The open interest for these options stands at 1,891 and 1,116, respectively.
Today, Dixon's stock price experienced a decline, touching an intraday low of Rs 17,415, reflecting a one-day return of -4.06%. This drop follows three consecutive days of gains, indicating a potential trend reversal. The stock remains above its 50-day, 100-day, and 200-day moving averages but is currently below its 5-day and 20-day moving averages. The overall market sentiment in the Consumer Durables - Electronics sector has also been negative, with a sector return of -4.27%.

Despite the recent downturn, Dixon Technologies maintains a market capitalization of Rs 1,09,523 crore, positioning it firmly within the mid-cap segment. The liquidity of the stock remains robust, with a delivery volume of 89.88k on September 25, reflecting a 7.08% increase compared to the 5-day average. As the market continues to evolve, Dixon Technologies remains a focal point for traders and investors alike.