Hitachi Energy India Ltd Sees 11.73% Surge in Open Interest to 5,316

Hitachi Energy India Ltd, a player in the Heavy Electrical Equipment sector, has experienced a notable increase in open interest today. The latest open interest stands at 5,316 contracts, reflecting a rise of 558 contracts or 11.73% from the previous open interest of 4,758. This surge in open interest coincides with a trading volume of 6,558 contracts, indicating heightened activity in the derivatives market.
In terms of financial metrics, the total futures value is reported at Rs 17,762.02 lakhs, while the options value is significantly higher at Rs 3,815,512.86 lakhs, bringing the total value to Rs 17,818.03 lakhs. The underlying value of the stock is noted at Rs 16,798.

On the price front, Hitachi Energy India has shown a slight 1D return of 0.21%, which is in line with the sector's performance of 0.38% and the Sensex's return of 0.56%. The stock has gained after two consecutive days of decline, and its moving averages indicate it is above the 200-day average but below the shorter-term averages. Additionally, the delivery volume has increased by 39.88% compared to the 5-day average, suggesting rising participation in the stock.

In summary, the increase in open interest and trading volume highlights a significant shift in market dynamics for Hitachi Energy India, reflecting active engagement from market participants.