Indus Towers Sees Surge in Open Interest Amid Increased Derivatives Activity
Indus Towers Ltd has seen a notable rise in open interest, reaching 64,111 contracts, alongside a trading volume of 39,952 contracts, indicating increased derivatives market activity. Despite underperforming its sector, the stock remains above key moving averages and shows strong liquidity with a significant increase in delivery volume.
Indus Towers Ltd, a prominent player in the Telecom Equipment & Accessories sector, has experienced a significant increase in open interest today. The latest open interest stands at 64,111 contracts, reflecting a rise of 7,410 contracts or 13.07% from the previous open interest of 56,701. This uptick in open interest coincides with a trading volume of 39,952 contracts, indicating heightened activity in the derivatives market.In terms of overall market performance, Indus Towers has underperformed its sector, with a 1D return of -0.89%, compared to a slight gain of 0.12% in the sector. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in the short to medium term.
The stock's liquidity remains robust, with a delivery volume of 89.83 lakh shares on June 20, marking a substantial increase of 267.19% against the 5-day average delivery volume. The market capitalization of Indus Towers is approximately Rs 1,08,902 crore, positioning it firmly within the large-cap category.
In summary, the notable rise in open interest for Indus Towers reflects increased trading activity, while the stock's performance metrics indicate a complex market position amid sector dynamics.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
