Polycab India Ltd has emerged as one of the most active stock calls today, highlighting strong market engagement.

Polycab India Ltd, a prominent player in the cable industry, has emerged as one of the most active stocks today, reflecting significant market engagement. The stock, trading under the ticker POLYCAB, has shown notable performance metrics, outperforming its sector by 1.93%. Over the last two days, Polycab has recorded a consecutive gain, with a total return of 3.3%.
Today, the stock reached an intraday high of Rs 5180, marking a 3.08% increase. The underlying value stands at Rs 5185, with a robust trading activity reflected in the 8,774 contracts traded, resulting in a turnover of Rs 654.21 lakhs. The open interest for the call option expiring on March 27, 2025, is recorded at 2,676 contracts, indicating ongoing investor interest.

In terms of liquidity, Polycab's trading volume has seen a rise, with a delivery volume of 6.58 lakhs on March 24, up by 36.8% compared to the five-day average. The stock's performance is currently above its five-day moving averages but remains below the longer-term averages of 20, 50, 100, and 200 days.

Overall, Polycab India Ltd's activity today underscores its strong market position and investor engagement within the cable industry.