Tata Elxsi Sees Surge in Open Interest Amid Increased Trading Activity

Apr 02 2025 10:00 AM IST
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Tata Elxsi Ltd. has seen a notable rise in open interest, reaching 29,923 contracts, alongside a trading volume of 22,403 contracts. The stock is trading near its 52-week low but has shown resilience with a slight gain today, while delivery volume has also increased significantly, indicating enhanced liquidity.
Tata Elxsi Ltd., a prominent player in the IT software industry, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 29,923 contracts, up from the previous 26,735, marking a change of 3,188 contracts or an 11.92% increase. The trading volume for the day reached 22,403 contracts, contributing to a futures value of approximately Rs 35,530.05 lakhs.

In terms of price performance, Tata Elxsi is currently trading close to its 52-week low, just 1.22% away from Rs 5,042. The stock has shown resilience today, gaining 0.85%, outperforming its sector, which saw a modest return of 0.02%. Notably, after three consecutive days of decline, the stock has reversed its trend. However, it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Additionally, there has been a notable rise in delivery volume, which increased by 23.36% compared to the 5-day average, indicating a growing liquidity profile. Overall, the increase in open interest and trading volume highlights a dynamic trading environment for Tata Elxsi, reflecting the stock's current market activity.
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