Titagarh Rail Systems Sees 15.31% Surge in Open Interest to 17,449 Contracts

Titagarh Rail Systems Ltd, a player in the industrial manufacturing sector, has experienced a notable increase in open interest (OI) today. The latest OI stands at 17,449 contracts, reflecting a rise of 2,317 contracts or 15.31% from the previous OI of 15,132. The trading volume for the day reached 15,434 contracts, indicating active participation in the market.
Despite this surge in OI, the stock has underperformed its sector, showing a 1D return of -2.01%, compared to a sector return of -1.80%. The stock touched an intraday low of Rs 900.2, marking a decline of 2.92%. The weighted average price suggests that more volume was traded closer to this low price point.

In terms of moving averages, the stock remains above its 5-day, 50-day, 100-day, and 200-day moving averages, yet it is below the 20-day moving average. Additionally, delivery volume has seen a significant increase, rising by 143.22% against the 5-day average, indicating heightened investor participation. With a market capitalization of Rs 12,348 crore, Titagarh Rail Systems continues to maintain liquidity suitable for trades of Rs 1.75 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a shift in market dynamics for the stock.