Polycab India Sees Surge in Open Interest Amid Increased Trading Activity

Jun 23 2025 01:00 PM IST
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Polycab India Ltd has seen a notable rise in open interest, reaching 46,800 contracts, alongside a trading volume of 165,592 contracts, indicating increased market activity. The stock has outperformed its sector, gaining 4.96% today and showing strong liquidity, with a market capitalization of Rs 90,945 crore.
Polycab India Ltd, a prominent player in the electrical cables industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 46,800 contracts, up from the previous 38,781, marking a change of 8,019 contracts or a 20.68% increase. This surge coincides with a trading volume of 165,592 contracts, indicating robust market engagement.

In terms of price performance, Polycab India has outperformed its sector by 3.51%, with the stock gaining 4.96% today. Over the past two days, it has recorded an impressive 8.12% return. The stock reached an intraday high of Rs 6,321, reflecting a 5.34% increase. Notably, Polycab India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock's liquidity remains favorable, with a delivery volume of 3.6 lakh shares on June 20, which is 104.21% higher than the 5-day average. With a market capitalization of Rs 90,945 crore, Polycab India continues to solidify its position in the large-cap segment of the market. Overall, the notable rise in open interest and positive price movements highlight the stock's current market dynamics.
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