Hitachi Energy India Ltd Sees 31.38% Surge in Open Interest Amid Trading Activity

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 4,811 contracts, marking a rise of 1,149 contracts or 31.38% from the previous open interest of 3,662. This surge coincides with a trading volume of 3,899 contracts, indicating heightened activity in the derivatives market.
In terms of financial metrics, the stock's performance today has underperformed its sector by 2.1%, reflecting a 1.02% decline in its one-day return. Despite this, the stock remains above its 200-day moving average, although it is trading below the 5-day, 20-day, 50-day, and 100-day moving averages. Notably, investor participation has decreased, with a delivery volume of 2.11k on October 21, which is down by 92.21% compared to the 5-day average delivery volume.

The total futures value is reported at Rs 8,858.73 lakhs, while the options value is significantly higher at Rs 2,622.76 lakhs, bringing the total value to Rs 9,111.37 lakhs. With a market capitalization of Rs 77,056.70 crore, Hitachi Energy India continues to navigate a dynamic market landscape.