Polycab India Sees Surge in Open Interest Amid Increased Market Activity

Jun 23 2025 03:01 PM IST
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Polycab India Ltd has seen a significant rise in open interest, reaching 48,982 contracts, alongside a trading volume of 239,149 contracts, indicating increased market activity. The stock has outperformed its sector and demonstrated strong price performance, with notable gains and increased delivery volume, reflecting robust market engagement.
Polycab India Ltd, a prominent player in the Cables - Electricals industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 48,982 contracts, marking a notable rise of 10,201 contracts or 26.3% from the previous open interest of 38,781. This surge coincides with a trading volume of 239,149 contracts, indicating robust market engagement.

In terms of price performance, Polycab India has outperformed its sector by 2.16%, with the stock gaining 4.78% on the day. Over the past two days, the stock has shown a consecutive gain of 7.88%. It reached an intraday high of Rs 6,334, reflecting a 5.56% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the delivery volume has surged to 360,000 shares, up 104.21% compared to the 5-day average, indicating increased liquidity. With a market capitalization of Rs 90,945 crore, Polycab India continues to solidify its position in the market. Overall, the notable rise in open interest and trading volume highlights the stock's active engagement in the current market landscape.
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