Hitachi Energy India Ltd Sees 13.85% Surge in Open Interest to 5,417

Hitachi Energy India Ltd, a key player in the Heavy Electrical Equipment sector, has experienced a notable increase in open interest today. The latest open interest stands at 5,417 contracts, reflecting a rise of 659 contracts or 13.85% from the previous open interest of 4,758. The trading volume for the day reached 8,106 contracts, indicating active participation in the market.
In terms of financial metrics, the future value is reported at Rs 20,649.06 lakhs, while the options value is significantly higher at Rs 4,811.23 lakhs, bringing the total value to Rs 20,712.69 lakhs. The underlying value of the stock is noted at Rs 16,800.

Despite this surge in open interest, Hitachi Energy India Ltd has underperformed its sector, with a 1D return of -0.10%, compared to a sector return of 0.32% and a Sensex return of 0.68%. The stock has been trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed performance trends. Additionally, the delivery volume has seen a significant increase of 39.88% against the 5-day average, suggesting rising liquidity in the stock.

In summary, the increase in open interest for Hitachi Energy India Ltd highlights a shift in market dynamics, while the stock continues to navigate a challenging trading environment.