Eicher Motors Sees Significant Surge in Open Interest Amid Active Trading Environment

Eicher Motors Ltd, a prominent player in the automobiles sector, has experienced a significant increase in open interest today. The latest open interest stands at 51,879 contracts, reflecting a rise of 6,284 contracts or 13.78% from the previous open interest of 45,595. This surge in open interest comes alongside a trading volume of 80,522 contracts, indicating robust activity in the derivatives market.
In terms of price performance, Eicher Motors reached a new 52-week high of Rs. 6,109 today, outperforming its sector by 0.84%. The stock has shown consistent gains over the past two days, with a total return of 2.62% during this period. Notably, Eicher Motors is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 615,000 shares on August 25, marking a 40.92% increase compared to the 5-day average. With a market capitalization of Rs 1,64,677 crore, Eicher Motors remains a liquid option for traders, with a trade size of Rs 7.16 crore based on 2% of the 5-day average traded value. Overall, the notable increase in open interest and strong price performance underscores the active trading environment surrounding Eicher Motors.