Titagarh Rail Systems Sees Surge in Open Interest Amid Ongoing Trading Activity

May 06 2025 02:00 PM IST
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Titagarh Rail Systems Ltd has seen a significant rise in open interest, reaching 13,697 contracts, alongside a trading volume of 6,773 contracts. Despite a seven-day decline in stock price, delivery volume has increased notably, indicating active trading dynamics within the company, which has a market capitalization of Rs 9,570.59 crore.
Titagarh Rail Systems Ltd, a mid-cap player in the railways sector, has experienced a notable increase in open interest (OI) today. The latest OI stands at 13,697 contracts, reflecting a rise of 1,660 contracts or 13.79% from the previous OI of 12,037. This uptick in OI comes alongside a trading volume of 6,773 contracts, indicating active participation in the stock.

In terms of price performance, Titagarh Rail has faced challenges, with the stock declining for the past seven consecutive days, resulting in a total drop of 12.39%. Today, the stock reached an intraday low of Rs 709.05, marking a decrease of 3.29%. The weighted average price suggests that more volume was traded closer to this low price point. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish trend.

Despite the recent downturn, there has been a significant rise in delivery volume, which increased by 50.26% compared to the 5-day average. Overall, the liquidity remains adequate for trading, with the stock's market capitalization at Rs 9,570.59 crore. The current developments in open interest and trading activity underscore the ongoing dynamics within Titagarh Rail Systems Ltd.
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