Polycab India Ltd Sees Surge in Active Call Options with 4,984 Contracts Traded

Polycab India Ltd, a prominent player in the cable industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, POLYCAB, is currently trading at a value of Rs 5,891. The call options expiring on May 29, 2025, with a strike price of Rs 6,000, have seen significant activity, with 4,984 contracts traded and a turnover of approximately Rs 1,301.83 lakhs. Open interest stands at 2,386 contracts, indicating a robust interest in these options.
In terms of performance, Polycab India has outperformed its sector by 0.87%, although it has experienced a slight decline of 0.32% today, following two consecutive days of gains. The stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, yet it is trading below its 200-day moving average, suggesting a mixed trend. Notably, the stock has seen a significant increase in delivery volume, rising by 316.7% compared to its 5-day average, with a delivery volume of 5.79 lakhs.

Overall, Polycab India Ltd continues to demonstrate notable activity in the market, reflecting both investor engagement and the dynamics of the cable industry.