Havells India Sees Significant Open Interest Surge Amid Active Market Participation

Mar 25 2025 03:00 PM IST
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Havells India Ltd. has reported a notable rise in open interest, reaching 34,404 contracts, alongside a trading volume of 20,404 contracts. The stock is currently trading below its various moving averages, indicating a bearish trend, while its market capitalization stands at Rs 93,609 crore.
Havells India Ltd., a prominent player in the cable industry, has experienced a significant increase in open interest today. The latest open interest stands at 34,404 contracts, reflecting a rise of 3,277 contracts or 10.53% from the previous open interest of 31,127. This uptick in open interest comes alongside a trading volume of 20,404 contracts, indicating active market participation.

In terms of financial metrics, Havells India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. The stock's performance today aligns closely with its sector, showing a 1D return of -0.24%, compared to a sector return of -0.63%. The broader market, represented by the Sensex, recorded a slight gain of 0.23%.

Additionally, the stock has seen a decline in delivery volume, with 9.77 lakh shares delivered on March 24, down by 0.13% against the 5-day average. With a market capitalization of Rs 93,609 crore, Havells India remains a significant entity in the cable industry. The notable increase in open interest highlights a shift in market dynamics, warranting attention from market participants.
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