Polycab India Ltd Sees Surge with 20,973 Active Call Contracts Traded Today

Polycab India Ltd, a prominent player in the Cables - Electricals industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker POLYCAB, has seen a notable surge in activity with 20,973 call contracts traded, resulting in a turnover of approximately Rs 1,372.35 lakhs. The current underlying value stands at Rs 6,160, with an open interest of 2,436 contracts, indicating robust investor interest.
Today, Polycab India outperformed its sector by 1.73%, marking a consecutive gain over the last two days with a total return of 5.79%. The stock reached an intraday high of Rs 6,178.50, reflecting a 2.97% increase. Performance metrics show that Polycab's price is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 360,000 shares on June 20, up 104.21% compared to the 5-day average. With a market capitalization of Rs 92,745.47 crore, Polycab India continues to maintain a liquid trading environment, suitable for transactions around Rs 5.64 crore. Overall, the activity surrounding Polycab India reflects a dynamic trading landscape in the electrical cables sector.