Polycab India Ltd Sees 15.04% Surge in Open Interest to 32,423 Contracts

Oct 31 2025 01:01 PM IST
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Polycab India Ltd has seen a notable rise in open interest, reaching 32,423 contracts, alongside a trading volume of 39,387 contracts. The stock achieved a new all-time high of Rs 7,903, despite a slight decline in price performance and decreased delivery volume, indicating mixed investor sentiment.
Polycab India Ltd, a prominent player in the Cables - Electricals industry, has experienced a significant increase in open interest today. The latest open interest stands at 32,423 contracts, reflecting a rise of 4,239 contracts or 15.04% from the previous open interest of 28,184. The trading volume for the day reached 39,387 contracts, contributing to a futures value of approximately Rs 157,648.02 lakhs and an options value of Rs 21,984,127.508 lakhs, culminating in a total value of Rs 159,518.05 lakhs. The underlying value of the stock is noted at Rs 7,500.

In terms of price performance, Polycab India hit a new 52-week and all-time high of Rs 7,903 today. However, it underperformed its sector by 0.38% and has seen a trend reversal after two consecutive days of gains, with a 1D return of -1.20%. Despite this, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, delivery volume has decreased by 18.57% compared to the 5-day average, indicating a decline in investor participation. Overall, the increase in open interest highlights notable trading activity in Polycab India amidst a mixed performance landscape.
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