Titagarh Rail Systems Sees Significant Surge in Open Interest Amid Increased Trading Activity
Titagarh Rail Systems Ltd has seen a significant rise in open interest, reaching 14,253 contracts, alongside a trading volume of 53,641 contracts. The stock outperformed its sector, achieving an intraday high of Rs 802, while delivery volume also increased notably, reflecting heightened market activity.
Titagarh Rail Systems Ltd, a mid-cap player in the railways sector, has experienced a notable increase in open interest today. The latest open interest stands at 14,253 contracts, reflecting a rise of 1,409 contracts or 10.97% from the previous open interest of 12,844. This surge in open interest coincides with a trading volume of 53,641 contracts, indicating heightened activity in the stock.In terms of price performance, Titagarh Rail Systems outperformed its sector by 1.7%, reaching an intraday high of Rs 802, which represents a gain of 7.98% for the day. The stock's weighted average price suggests that more volume was traded closer to its low price, while it remains above its 5-day and 20-day moving averages but below the 50-day, 100-day, and 200-day moving averages.
The railways sector overall has seen a gain of 4.25%, with Titagarh Rail Systems contributing positively to this trend. Additionally, the stock's delivery volume of 746,000 on March 20 has increased by 78.72% compared to the 5-day average, indicating a rise in trading activity. Overall, the increase in open interest and trading volume highlights a significant development for Titagarh Rail Systems in the current market landscape.
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