Tata Elxsi Sees Surge in Open Interest Amid Price Decline and Active Trading

Apr 01 2025 01:00 PM IST
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Tata Elxsi Ltd. has seen a notable rise in open interest, reaching 29,631 contracts, alongside a trading volume of 17,615 contracts. Despite hitting a 52-week low and experiencing a decline in price, investor participation has increased significantly, indicating active market engagement amid ongoing challenges.
Tata Elxsi Ltd., a prominent player in the IT software industry, has experienced a significant increase in open interest today. The latest open interest stands at 29,631 contracts, reflecting a rise of 2,896 contracts or 10.83% from the previous open interest of 26,735. The trading volume for the day reached 17,615 contracts, indicating active participation in the market.

In terms of price performance, Tata Elxsi hit a new 52-week low of Rs. 5,042, marking a decline of 3.31% during intraday trading. The stock has underperformed its sector by 0.32% and has seen a consecutive fall over the last three days, resulting in an overall decline of 8.61% during this period. Currently, Tata Elxsi is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Despite these challenges, the stock has shown rising investor participation, with a delivery volume of 205,000 shares on March 28, which is up by 91.96% compared to the 5-day average. The liquidity remains adequate for trading, with a market cap of Rs. 32,294 crore, positioning Tata Elxsi as a liquid stock for trades around Rs. 4.11 crore. Overall, the notable increase in open interest highlights a shift in market dynamics for Tata Elxsi amidst its current price challenges.
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