TCS Sees Significant Surge in Open Interest Amid Active Market Participation
Tata Consultancy Services Ltd. (TCS) has seen a significant rise in open interest, reaching 234,341 contracts, alongside a trading volume of 139,618 contracts. The stock is currently trading at Rs 3,664, exhibiting mixed momentum while maintaining a high dividend yield of 3.39% and robust liquidity.
Tata Consultancy Services Ltd. (TCS), a prominent player in the IT software industry, has experienced a notable increase in open interest today. The latest open interest stands at 234,341 contracts, reflecting a rise of 24,050 contracts or 11.44% from the previous open interest of 210,291. This surge coincides with a trading volume of 139,618 contracts, indicating active market participation.In terms of price performance, TCS has outperformed its sector by 0.41%, although it has seen a trend reversal after four consecutive days of gains. The stock is currently trading at an underlying value of Rs 3,664. While it remains above its 5-day and 20-day moving averages, it is below the 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum in the short to medium term.
Additionally, the stock has a high dividend yield of 3.39% at the current price, and its liquidity remains robust, with a trade size of Rs 22.3 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest for TCS highlights significant activity in the stock, reflecting current market dynamics.
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