Tata Elxsi Sees Significant Rise in Open Interest Amid Active Market Participation

Tata Elxsi Ltd., a prominent player in the Computers - Software & Consulting industry, has experienced a notable increase in open interest today. The latest open interest stands at 32,225 contracts, reflecting a rise of 2,941 contracts or 10.04% from the previous open interest of 29,284. This surge in open interest comes alongside a trading volume of 16,932 contracts, indicating active participation in the market.
In terms of price performance, Tata Elxsi has underperformed its sector by 1.87%, with a 1D return of -0.76%. The stock has been on a downward trend, recording losses for the past two days, amounting to a total decline of 1.01% during this period. The weighted average price suggests that more volume was traded closer to the low price, while the stock's moving averages indicate it is above the 50-day and 100-day averages but below the 5-day, 20-day, and 200-day averages.

Despite a decline in delivery volume, which has fallen by 40.81% against the 5-day average, Tata Elxsi maintains sufficient liquidity for trades up to Rs 1.9 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for Tata Elxsi, reflecting ongoing developments in its trading activity.