Hitachi Energy India Ltd Sees 23.84% Surge in Open Interest to 696

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 696 contracts, reflecting a significant rise of 134 contracts or 23.84% from the previous open interest of 562. This surge coincides with a trading volume of 431 contracts, indicating active market engagement.
In terms of financial metrics, the total futures value is reported at Rs 2,191.70 lakhs, while the options value is substantially higher at Rs 186,347.64 lakhs, bringing the total value to Rs 2,228.92 lakhs. The underlying value of the stock is noted at Rs 18,289.

On the performance front, Hitachi Energy India has shown resilience, gaining 1.49% over the last three days, with a 1D return of 0.31%. The stock's performance is in line with its sector, which has seen a 1D return of 0.21%, while the Sensex recorded a 1D return of 0.75%. However, it is important to note a decline in delivery volume, which has fallen by 36.36% against the five-day average.

Overall, the increase in open interest for Hitachi Energy India Ltd highlights a shift in market dynamics, reflecting heightened trading activity without indicating future price movements.