Polycab India Ltd Sees Surge in Active Call Options with 14,772 Contracts Traded

Polycab India Ltd, a prominent player in the cable industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker POLYCAB, has seen notable activity in its call options, particularly with a strike price of Rs 6000 and an expiry date set for May 29, 2025. A total of 14,772 contracts were traded, contributing to a turnover of approximately Rs 32.92 crore, while open interest stands at 2,599 contracts.
In terms of performance, Polycab India has outperformed its sector by 2.81%, marking a consecutive gain over the last two days with an impressive return of 8.99% during this period. The stock reached an intraday high of Rs 5968.5, reflecting a 2.99% increase. The weighted average price indicates that more volume was traded closer to the lower price range, suggesting active trading dynamics.

Polycab's current underlying value is Rs 5929.0, and it is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The stock has also seen a rise in investor participation, with delivery volume increasing by 40.41% compared to the 5-day average. Overall, Polycab India Ltd continues to demonstrate robust activity in the market, highlighting its strong position within the cable industry.