Tata Motors Sees 10.06% Rise in Open Interest Amid Increased Trading Activity

Tata Motors Passenger Vehicles Ltd (TMPV) has experienced a notable increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 157,148 contracts, up from the previous 142,779, marking a change of 14,369 contracts or a 10.06% increase. The trading volume for the day reached 88,319 contracts, contributing to a futures value of approximately Rs 47,072.78 lakhs. Despite this surge in open interest, the stock has underperformed relative to its sector, declining by 1.51% today. Over the past four days, Tata Motors PV has seen a cumulative drop of 5.24%. The stock touched an intraday low of Rs 388.55, reflecting a decrease of 2.36% during the trading session. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. On a positive note, delivery volume has increased significantly, with 83.15 lakh shares delivered on November 13, representing a 75.58% rise compared to the 5-day average. The stock remains liquid enough for trades sized at Rs 8.4 crore, based on 2% of the 5-day average traded value. Overall, the increase in open interest amid a challenging price performance highlights the dynamic nature of trading in Tata Motors Passenger Vehicles.