Hitachi Energy India Ltd Sees 82.22% Surge in Open Interest Amid Increased Trading Activity

Hitachi Energy India Ltd, a key player in the Heavy Electrical Equipment industry, has experienced a significant increase in open interest today. The latest open interest stands at 410, up from the previous 225, marking a change of 185, or an impressive 82.22%. This surge in open interest coincides with a trading volume of 523, reflecting heightened activity in the stock.
In terms of price performance, Hitachi Energy India has outperformed its sector by 0.29% today, with the stock gaining 1.44% over the last two days. It opened with a gain of 2.02% and reached an intraday high of Rs 18,550, reflecting a 2.29% increase. The stock is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages.

Despite this positive price movement, there has been a noted decline in investor participation, with delivery volume dropping by 22.74% compared to the 5-day average. The liquidity remains adequate for trading, with a size of Rs 4.16 crore based on 2% of the 5-day average traded value.

In summary, Hitachi Energy India Ltd's notable increase in open interest and recent price performance highlights a dynamic trading environment, reflecting the stock's current market position.