Polycab India Ltd Sees Surge in Call Options with 71,094 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 trading activity in its call options. The stock, currently valued at Rs 6249.0, has seen notable movements in its options market, particularly for contracts expiring on June 26, 2025.
The call option with a strike price of Rs 6200 recorded 35,064 contracts traded, generating a turnover of Rs 3197.84 lakhs, while the Rs 6300 strike price option saw 36,030 contracts traded with a turnover of Rs 2647.75 lakhs. Open interest for these options stands at 1,158 and 1,394 respectively, indicating ongoing interest among traders.

Despite a slight decline of 0.01% in the stock's 1-day return, Polycab India has maintained a performance inline with its sector, which experienced a 0.48% drop. The stock has traded within a narrow range of Rs 53.5 and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a stable position in the market. Additionally, a rise in delivery volume by 24.34% compared to the 5-day average indicates increased investor participation.

In summary, Polycab India Ltd's active trading in options reflects a dynamic market presence, with key metrics showcasing its resilience and liquidity in the current trading environment.