Eicher Motors Sees Significant Surge in Open Interest Amidst Market Activity

Eicher Motors Ltd, a prominent player in the Automobile Two & Three Wheelers industry, has experienced a notable increase in open interest today. The latest open interest stands at 33,637 contracts, reflecting a rise of 3,140 contracts or 10.3% from the previous open interest of 30,497. The trading volume for the day reached 22,901 contracts, contributing to a total futures value of approximately Rs 30,382.73 lakhs.
In terms of price performance, Eicher Motors is currently trading close to its 52-week high, just 3.63% away from Rs 5,575.5. The stock has shown resilience, gaining 0.64% over the past two days, despite underperforming its sector by 0.71% today. The intraday high reached Rs 5,525, marking a 3.32% increase. Notably, Eicher Motors is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend.

However, there has been a decline in investor participation, with delivery volume dropping by 27.13% compared to the 5-day average. Overall, Eicher Motors continues to demonstrate significant activity in the market, underscoring its position within the large-cap segment, with a market capitalization of Rs 1,47,586.64 crore.