Dixon Technologies Sees Surge in Call Options with 8,387 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 call options, particularly with a strike price of Rs 17,000 and an expiry date set for May 29, 2025, have seen significant trading activity, with 8,387 contracts exchanged, resulting in a turnover of Rs 1.764 lakh. The open interest stands at 5,652 contracts, indicating a robust interest in these options.
In terms of performance, Dixon Technologies has experienced a decline of 2.23% over the past two days, with a current stock value of Rs 14,740. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish trend. Additionally, the stock's delivery volume has decreased significantly, dropping by 50.86% compared to the 5-day average, with a delivery volume of 1.49 lakh shares recorded on May 28.

Despite the recent downturn, Dixon Technologies maintains a market capitalization of Rs 89,145.19 crore, solidifying its position as a large-cap entity in the market. Overall, the activity surrounding Dixon Technologies today highlights notable trends in trading and investor engagement within the stock.