Havells India Ltd. Sees Surge in Open Interest Amid Market Dynamics Shift

Apr 23 2025 01:00 PM IST
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Havells India Ltd. has seen a notable rise in open interest, reaching 44,321 contracts, alongside a trading volume of 92,429 contracts, indicating active participation in the derivatives market. Despite recent price declines and reduced investor participation, the stock remains liquid for trading activities.
Havells India Ltd. has experienced a significant increase in open interest today, with the latest open interest (OI) recorded at 44,321 contracts, up from the previous OI of 35,669 contracts. This marks a notable change of 8,652 contracts, reflecting a percentage increase of 24.26%. The trading volume for the stock reached 92,429 contracts, indicating robust activity in the derivatives market.

In terms of price performance, Havells India has underperformed its sector by 1.06%, with the stock falling after an eight-day streak of gains. The stock touched an intraday low of Rs 1,583.4, representing a decline of 4.88%. The weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, it is currently below its 200-day moving average.

Additionally, there has been a decline in investor participation, with delivery volume dropping by 39.77% compared to the 5-day average. Despite these fluctuations, the stock maintains sufficient liquidity for trades of Rs 3.59 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for Havells India Ltd.
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