Indus Towers Sees Significant Open Interest Surge Amid Increased Derivatives Activity

Indus Towers Ltd, a prominent player in the Telecommunication Equipment sector, has experienced a significant increase in open interest today. The latest open interest stands at 71,055 contracts, reflecting a rise of 8,051 contracts or 12.78% from the previous open interest of 63,004. This surge in open interest coincides with a trading volume of 46,326 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, Indus Towers has shown resilience, gaining 0.55% today, although it underperformed its sector, which recorded a 1.15% increase. The stock has been on a positive trajectory, achieving a total return of 10.7% over the past six days. It reached an intraday high of Rs 421.5, marking a 3.44% increase during the trading session.

Despite this upward movement, there has been a notable decline in investor participation, with delivery volume dropping by 73.29% compared to the five-day average. Nevertheless, the stock remains liquid enough for trades, with a market cap of Rs 1,10,425.04 crore, positioning it firmly within the large-cap category. Overall, the increase in open interest highlights a dynamic trading environment for Indus Towers, reflecting ongoing market engagement.