Indus Towers Sees Significant Surge in Open Interest Amid Increased Trading Activity

Indus Towers Ltd, a prominent player in the Telecom Equipment & Accessories industry, has experienced a significant increase in open interest today. The latest open interest stands at 86,932 contracts, marking a notable rise of 14,110 contracts or 19.38% from the previous open interest of 72,822. This surge in open interest coincides with a trading volume of 62,719 contracts, reflecting heightened activity in the stock.
In terms of performance, Indus Towers has shown resilience, gaining 2.44% over the last two days, with a one-day return of 0.85%. The stock's performance is in line with its sector, which recorded a one-day return of 0.89%, while the broader Sensex posted a return of 0.48%.

The stock's current price is positioned higher than its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has seen a substantial increase, rising by 70.47% against the 5-day average, indicating a robust liquidity profile with a trade size capacity of Rs 6.2 crore.

Overall, the notable increase in open interest for Indus Towers reflects a dynamic trading environment, underscoring the stock's active participation in the market.