TCS Sees Significant Open Interest Surge Amid Broader Market Decline

Apr 03 2025 01:00 PM IST
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Tata Consultancy Services Ltd. (TCS) has seen a notable rise in open interest, reaching 180,755 contracts amid active trading. Despite this, the stock has hit a 52-week low and is trading below key moving averages, indicating a challenging market environment. Delivery volume has also decreased, reflecting reduced investor participation.
Tata Consultancy Services Ltd. (TCS), a prominent player in the IT software industry, has experienced a significant increase in open interest today. The latest open interest stands at 180,755 contracts, marking a rise of 20,969 contracts or 13.12% from the previous open interest of 159,786. This uptick coincides with a trading volume of 119,696 contracts, reflecting active market engagement.

In terms of price performance, TCS reached a new 52-week low of Rs. 3,411, down 3.75% from the previous day. The stock has been on a downward trend, losing 6.56% over the past four days. Currently, TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. The IT software sector itself has seen a decline of 3.59%.

Additionally, the stock's delivery volume has decreased by 21.54% compared to its 5-day average, suggesting a reduction in investor participation. Despite these challenges, TCS maintains a high dividend yield of 3.5% at the current price. Overall, the notable increase in open interest reflects heightened activity in TCS shares amidst a broader market decline.
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