Titagarh Rail Systems Sees Surge in Open Interest Amid Ongoing Market Challenges

May 06 2025 12:00 PM IST
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Titagarh Rail Systems Ltd has seen a significant rise in open interest, reaching 13,399 contracts, alongside a trading volume of 4,867 contracts. Despite this increased activity, the stock has underperformed, declining for seven consecutive days and showing a notable drop in value during this period.
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 13,399 contracts, reflecting a rise of 1,362 contracts or 11.32% from the previous open interest of 12,037. The trading volume for the day reached 4,867 contracts, indicating active participation in the market.

Despite this surge in open interest, the stock has underperformed its sector, showing a decline of 3.02% today, while the railways sector itself fell by 2.92%. Titagarh Rail has been on a downward trend, losing value for the past seven consecutive days, with a total decline of 12.39% during this period. The stock touched an intraday low of Rs 710.05, down 3.16% from the previous close.

In terms of liquidity, the stock has shown a delivery volume of 9.47 lakh shares on May 5, which is a significant increase of 50.26% compared to the five-day average delivery volume. Overall, while the increase in open interest suggests heightened trading activity, the stock's recent performance indicates ongoing challenges in the market.
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