Hitachi Energy India Ltd Sees 12.76% Surge in Open Interest to 2,943 Contracts

Hitachi Energy India Ltd, a player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest today. The latest open interest stands at 2,943 contracts, reflecting a rise of 333 contracts or 12.76% from the previous open interest of 2,610. This uptick comes alongside a trading volume of 1,463 contracts, indicating active market participation.
In terms of financial performance, Hitachi Energy India Ltd has underperformed its sector by 2.29%, with the stock reaching an intraday low of Rs 17,266, down 2.92% from the previous close. The weighted average price suggests that more volume was traded closer to this low price point. While the stock remains above its 200-day moving average, it is currently below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term performance.

Investor participation has seen a decline, with delivery volume dropping by 29.11% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trades up to Rs 2.95 crore, based on 2% of the 5-day average traded value. Overall, the notable increase in open interest highlights a shift in market dynamics for Hitachi Energy India Ltd, amidst a backdrop of fluctuating performance metrics.