Polycab India Ltd Sees Surge in Call Options: 14,589 Contracts at 7000 Strike Price

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 7050, has seen a notable performance, outperforming its sector by 1.71%.
Today, the call options with expiry on July 31, 2025, have attracted considerable interest. The 7000 strike price option led the activity with 14,589 contracts traded, generating a turnover of Rs 3545.13 lakhs and an open interest of 3365. Meanwhile, the 7100 strike price option recorded 9336 contracts traded and a turnover of Rs 1749.45 lakhs, with an open interest of 1851. The 7200 strike price option also saw robust trading, with 7404 contracts and a turnover of Rs 1002.69 lakhs, alongside an open interest of 1839.

In terms of performance metrics, Polycab India reached an intraday high of Rs 7046, marking a 2.32% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume has surged by 74.44% compared to the 5-day average, reflecting rising investor participation.

Overall, Polycab India Ltd's trading activity today highlights its strong market position and investor interest in its options, underscoring its status as a key player in the electrical cables sector.