Polycab India Sees Surge in Open Interest Amid Increased Trading Activity

Apr 21 2025 03:01 PM IST
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Polycab India Ltd has seen a notable rise in open interest, reaching 45,733 contracts, alongside a trading volume of 42,212 contracts, indicating increased market activity. The stock has outperformed its sector and is positioned above several moving averages, reflecting a strong presence in the cable industry.
Polycab India Ltd, a prominent player in the cable industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 45,733 contracts, up from the previous figure of 41,090, marking a change of 4,643 contracts or an 11.3% increase. This surge coincides with a trading volume of 42,212 contracts, indicating robust market engagement.

In terms of price performance, Polycab India has outperformed its sector by 0.49%, reaching an intraday high of Rs 5,415, which represents a 2.3% increase for the day. The stock is currently positioned above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Notably, the delivery volume has seen a decline of 13.23% compared to the 5-day average, with a total delivery volume of 1.12 lakh shares recorded on April 17.

With a market capitalization of Rs 81,117.97 crore, Polycab India continues to maintain a solid presence in the cable industry. The increase in open interest, coupled with the stock's performance metrics, underscores the dynamic trading environment surrounding this large-cap entity.
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