Havells India Ltd. Sees Surge with 4,396 Active Call Options at Rs 1600 Strike

Havells India Ltd., a prominent player in the Electronics & Appliances sector, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, which is currently valued at Rs 1612.0, has seen a notable increase in its call options, with 4,396 contracts traded for a strike price of Rs 1600, resulting in a turnover of approximately Rs 846.92 lakhs. The open interest stands at 2,362 contracts, indicating a robust interest in this option.
In terms of performance, Havells India has outperformed its sector by 0.47% today, marking a consecutive gain over the last two days with a total return of 2.63%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, it is worth noting that the delivery volume has decreased by 4% compared to the 5-day average, with a delivery volume of 3.1 lakhs recorded on September 15.

With a market capitalization of Rs 1,00,051.00 crore, Havells India continues to demonstrate its position as a liquid stock, suitable for trades around Rs 1.58 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding Havells India today highlights its significant presence in the market.