Tata Elxsi Sees 11.15% Surge in Open Interest Amid Increased Trading Activity

Tata Elxsi Ltd., a prominent player in the Computers - Software & Consulting sector, has experienced a significant increase in open interest today. The latest open interest stands at 46,926, marking a rise of 4,708 from the previous open interest of 42,218, which translates to an 11.15% change. The trading volume for the day reached 46,667, indicating robust activity in the derivatives market.
In terms of price performance, Tata Elxsi has outperformed its sector by 0.52%, with a notable 1.05% return for the day. The stock has been on a positive trajectory, gaining 2.53% over the last two days. It reached an intraday high of Rs 5,604, reflecting a 2.64% increase at its peak.

Despite this upward movement, the stock's delivery volume has seen a decline of 10.27% compared to the five-day average, with a delivery volume of 67.2k recorded on October 8. The stock remains liquid enough for trading, with a market cap of Rs 34,143 crore, positioning it firmly within the mid-cap category.

In summary, the notable spurt in open interest for Tata Elxsi underscores active trading dynamics, while the stock's recent performance reflects its current market standing.