Havells India Sees Significant Surge in Open Interest Amid Increased Market Activity

Apr 21 2025 02:00 PM IST
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Havells India Ltd. has seen a notable rise in open interest, reaching 29,460 contracts, alongside a trading volume of 21,999 contracts. The stock has gained 0.76% today and has shown a consistent upward trend over the past week, with a market capitalization of Rs 1,03,035 crore.
Havells India Ltd., a prominent player in the cable industry, has experienced a significant increase in open interest (OI) today. The latest OI stands at 29,460 contracts, reflecting a rise of 2,898 contracts or 10.91% from the previous OI of 26,562. This uptick in OI coincides with a trading volume of 21,999 contracts, indicating heightened activity in the stock.

In terms of performance, Havells India has shown resilience, gaining 0.76% today, although it underperformed its sector, which saw a 1.17% increase. Over the past week, the stock has demonstrated a consistent upward trend, accumulating a total return of 13.65% over seven consecutive days. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, yet it remains below the 200-day moving average.

Additionally, the stock's delivery volume reached 9.62 lakh shares on April 17, marking a 62.53% increase compared to the 5-day average. With a market capitalization of Rs 1,03,035 crore, Havells India continues to maintain a liquid trading environment, suitable for transactions of Rs 3.22 crore based on 2% of the 5-day average traded value. Overall, the notable rise in open interest highlights increased market engagement with Havells India, reflecting ongoing investor activity.
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