Polycab India Ltd has emerged as one of the most active stock puts today amid rising investor engagement.

Polycab India Ltd, a prominent player in the cable industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The underlying stock, POLYCAB, has seen significant activity with 3,907 contracts traded for puts with a strike price of Rs 5,000, resulting in a turnover of approximately Rs 76.29 lakhs. The open interest for these puts stands at 1,793 contracts, indicating a notable level of engagement among traders.
In terms of performance, Polycab India has outperformed its sector by 1.93%, with the stock gaining 3.3% over the last two days. Today, it reached an intraday high of Rs 5,180, reflecting a 3.08% increase. The stock's current value is Rs 5,179.2, which is higher than its 5-day moving averages but lower than its 20, 50, 100, and 200-day moving averages.

Investor participation has also risen, with a delivery volume of 658,000 shares on March 24, marking a 36.8% increase compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 16.55 crore, which is 2% of the 5-day average traded value.

In summary, Polycab India Ltd's notable activity in put options today reflects a dynamic trading environment, underscored by solid performance metrics and increased investor participation.