Dixon Technologies Sees Surge in Call Options with 3,422 Contracts at Rs 17,000 Strike

Dixon Technologies (India) Ltd, a prominent player in the Consumer Durables - Electronics sector, has emerged as one of the most active stocks today. The company’s underlying stock, DIXON, has seen significant trading activity, particularly in call options set to expire on April 24, 2025. Notably, 3,422 contracts were traded at a strike price of Rs 17,000, contributing to a turnover of Rs 18.15 lakhs and an open interest of 3,235 contracts.
In terms of performance, Dixon Technologies has experienced a slight decline of 0.61% today, aligning closely with the sector's performance, which saw a 0.67% drop. The stock has been on a downward trend for the past two days, reflecting a cumulative loss of 1.14%. However, it is noteworthy that Dixon is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust position relative to its historical performance.

Investor participation has also increased, with a delivery volume of 238,000 shares on April 23, marking a 7.57% rise compared to the 5-day average. The stock's liquidity remains strong, supporting a trade size of Rs 19.97 crore, which is approximately 2% of the 5-day average traded value. Overall, Dixon Technologies continues to demonstrate active trading dynamics amidst a challenging market environment.