Indus Towers Sees Surge in Open Interest Amidst Market Performance Challenges
Indus Towers Ltd has seen a notable rise in open interest, reaching 62,682 contracts, alongside a trading volume of 57,363. Despite this increase, the stock has underperformed, declining over the past two days and facing challenges within the telecommunications sector, which has also experienced a downturn.
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 62,682 contracts, reflecting a rise of 9,726 contracts or 18.37% from the previous open interest of 52,956. The trading volume for the day reached 57,363, indicating active participation in the market.Despite this uptick in open interest, the stock has underperformed its sector, declining by 1.33% today. Over the past two days, Indus Towers has seen a consecutive fall, with a total drop of 5.15%. The stock touched an intraday low of Rs 361.55, marking a decrease of 5.8% at its lowest point.
In terms of moving averages, the stock is currently above its 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day averages. The telecommunications equipment sector itself has also faced challenges, falling by 2.23%. Notably, delivery volume has decreased by 34.32% compared to the 5-day average, indicating a decline in investor participation.
Overall, the increase in open interest for Indus Towers highlights a notable shift in market dynamics, even as the stock grapples with recent performance challenges.
{{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
