Hitachi Energy India Ltd Sees 14.45% Surge in Open Interest to 1,798

Hitachi Energy India Ltd, a prominent player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest today. The latest open interest stands at 1,798 contracts, reflecting a rise of 227 contracts or 14.45% from the previous open interest of 1,571. This uptick in open interest coincides with a trading volume of 1,547 contracts, indicating heightened activity in the derivatives market.
In terms of performance, Hitachi Energy India has outperformed its sector by 2.69%, marking a positive trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 18,193, representing a gain of 3.68% for the day. Despite this upward movement, the stock remains below its 5-day, 20-day, 50-day, and 100-day moving averages, although it is above the 200-day moving average.

Additionally, the stock has seen a notable increase in delivery volume, with 58.99 thousand shares delivered on October 7, reflecting a 48.37% rise compared to the 5-day average. With a market capitalization of Rs 78,684 crore, Hitachi Energy India continues to demonstrate liquidity suitable for trades of Rs 4.07 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and trading activity highlights a dynamic day for Hitachi Energy India Ltd.