Hitachi Energy India Ltd Sees 129.33% Surge in Open Interest to 516

Hitachi Energy India Ltd, a player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 516 contracts, a notable rise from the previous OI of 225, marking a change of 291 contracts or 129.33%. This surge in OI comes alongside a trading volume of 850 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Hitachi Energy India opened with a gain of 2.02% and reached an intraday high of Rs 18,550, reflecting a 2.29% increase. However, the stock has underperformed its sector by 1%, with a 1D return of -0.44%, while the sector itself recorded a 1D return of 0.55%. The stock's liquidity remains robust, with a trading capacity sufficient for a trade size of Rs 4.16 crore, based on 2% of the 5-day average traded value.

Despite a decline in delivery volume by 22.74% against the 5-day average, Hitachi Energy India continues to maintain a market capitalization of Rs 80,475.40 crore, positioning it firmly within the mid-cap segment. Overall, the notable increase in open interest reflects a shift in market dynamics for Hitachi Energy India, warranting attention from market participants.