Havells India Ltd. Sees Open Interest Surge to 33,878, Up 10.76%

Havells India Ltd., a prominent player in the Electronics & Appliances sector, has experienced a significant increase in open interest today. The latest open interest stands at 33,878 contracts, reflecting a rise of 3,291 contracts or 10.76% from the previous open interest of 30,587. This uptick in open interest comes alongside a trading volume of 25,842 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Havells India has underperformed its sector, with a 1-day return of -0.07%, compared to a sector return of 0.37%. The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains above its 5-day moving average. Notably, the delivery volume on October 23 reached 601,000 shares, marking a 17.31% increase against the 5-day average delivery volume, suggesting a rise in investor participation.

With a market capitalization of approximately Rs 93,800 crore, Havells India continues to maintain a liquid trading environment, suitable for transactions of Rs 2.82 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a notable shift in market dynamics for Havells India Ltd.