Indus Towers Ltd Sees 10.16% Surge in Open Interest, Reaching 100,159 Contracts

Indus Towers Ltd, a prominent player in the Telecom Equipment and Accessories sector, has experienced a significant increase in open interest today. The latest open interest stands at 100,159 contracts, reflecting a rise of 9,240 contracts or 10.16% from the previous open interest of 90,919. This uptick in open interest coincides with a trading volume of 111,637 contracts, indicating heightened activity in the stock.
In terms of price performance, Indus Towers has outperformed its sector by 1.46%, with the stock gaining 6.91% over the last three days. Today, it reached an intraday high of Rs 384.8, marking a 3.64% increase. The stock is currently 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 seen a notable rise in delivery volume, which surged by 299.42% compared to the 5-day average, reaching 1.14 crore shares on October 27. With a market capitalization of Rs 1,03,593.38 crore, Indus Towers continues to demonstrate robust liquidity, supporting trade sizes of Rs 7.01 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest and strong trading metrics highlight the stock's active market presence.