Surge in Open Interest for TCS Signals Increased Market Activity Amid Declining Stock Performance
Tata Consultancy Services Ltd. (TCS) has seen a notable rise in open interest, reaching 187,688 contracts, alongside a trading volume of 159,220 contracts. Despite this activity, TCS hit a new 52-week low and has been on a downward trend, reflecting challenges in the IT software sector.
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 187,688 contracts, reflecting a rise of 27,902 contracts or 17.46% from the previous open interest of 159,786. The trading volume for TCS reached 159,220 contracts, indicating robust activity in the derivatives market.In terms of price performance, TCS hit a new 52-week low of Rs. 3,396.15 today, marking a decline of 4.17% during intraday trading. The stock has been on a downward trend, losing 6.52% over the past four days. Currently, TCS is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a challenging market position.
The IT software sector as a whole has also faced pressure, declining by 3.42%. Notably, TCS offers a high dividend yield of 3.5% at the current price, and liquidity remains adequate for trades of Rs. 15.75 crore based on recent average trading values. Overall, the notable spurt in open interest for TCS highlights increased market activity amid a backdrop of declining stock performance.
{{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
