Tube Investments of India Ltd Sees 10.61% Rise in Open Interest to 13,735

Tube Investments of India Ltd (TIINDIA), a prominent player in the Auto Components & Equipments sector, has experienced a significant increase in open interest today. The latest open interest stands at 13,735 contracts, reflecting a rise of 1,317 contracts or 10.61% from the previous open interest of 12,418. This uptick coincides with a trading volume of 9,993 contracts, indicating active participation in the market.
In terms of performance, Tube Investments has outperformed its sector by 1.25% today, marking a 1.65% return on the day. The stock has shown consistent gains over the past three days, accumulating a total return of 3.76% during this period. The stock reached an intraday high of Rs 3,238, representing a 2.79% increase.

Despite this positive momentum, there has been a notable decline in delivery volume, which fell by 31.09% compared to the five-day average. The stock remains liquid, with a trading capacity sufficient for a trade size of Rs 1.22 crore, based on 2% of the five-day average traded value. Overall, the increase in open interest and recent performance metrics highlight the stock's current market activity without delving into future implications.