Hitachi Energy India Ltd Sees 32.03% Surge in Open Interest to 742

Hitachi Energy India Ltd, a key player in the Heavy Electrical Equipment sector, has experienced a significant increase in open interest today. The latest open interest stands at 742 contracts, marking a notable rise from the previous open interest of 562 contracts, reflecting a change of 180 contracts or 32.03%. This surge in open interest comes alongside a trading volume of 506 contracts, indicating active market participation.
In terms of price performance, Hitachi Energy India has shown resilience, gaining 1.52% over the last three days. The stock's current performance aligns with sector trends, with a 1D return of 0.28%, compared to the sector's return of 0.19% and the Sensex's return of 0.70%.

Despite this positive momentum, the stock's delivery volume has seen a decline, with a delivery volume of 27.35k on October 3, down by 36.36% against the five-day average. The stock remains liquid, with a trading capacity of Rs 4.34 crore based on 2% of the five-day average traded value.

Overall, the increase in open interest for Hitachi Energy India Ltd highlights a shift in market dynamics, reflecting the ongoing activity within the stock.