Tata Elxsi Sees Surge in Open Interest Amidst Market Volatility and Declining Prices

Apr 01 2025 03:00 PM IST
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Tata Elxsi Ltd. has seen a notable rise in open interest, reaching 29,768 contracts, alongside a significant increase in trading volume. The stock recently hit a 52-week low and has underperformed its sector, while delivery volume surged, indicating increased trading activity amidst challenging market conditions.
Tata Elxsi Ltd., a prominent player in the IT software sector, has experienced a significant increase in open interest today. The latest open interest stands at 29,768 contracts, reflecting a rise of 3,033 contracts or 11.34% from the previous open interest of 26,735. The trading volume for the day reached 20,023 contracts, contributing to a futures value of approximately Rs 30,693.07 lakhs.

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 0.46% and has seen a consecutive fall over the last three days, resulting in an overall decline of 8.64% during this period. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Despite the challenges, there has been a notable increase in delivery volume, which rose by 91.96% compared to the 5-day average, indicating heightened trading activity. Overall, Tata Elxsi's current market dynamics reflect a complex interplay of factors within the IT software industry.
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