Tube Investments of India Sees Surge in Open Interest Amid Increased Trading Activity

Mar 20 2025 03:00 PM IST
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Tube Investments of India Ltd has seen a notable rise in open interest, indicating increased trading activity in the engineering sector. The stock outperformed its sector with a positive return and reached an intraday high, while also experiencing a significant increase in delivery volume. Its market capitalization stands at Rs 56,064.85 crore.
Tube Investments of India Ltd (TIINDIA) has experienced a significant increase in open interest today, reflecting heightened trading activity in the engineering sector. The latest open interest stands at 15,223 contracts, up from the previous 13,639 contracts, marking a change of 1,584 contracts or an 11.61% increase. The trading volume for the day reached 14,682 contracts, contributing to a total futures value of approximately Rs 21,904.82 lakhs.

In terms of price performance, Tube Investments of India outperformed its sector with a 1.33% return, compared to the sector's 0.35%. The stock reached an intraday high of Rs 2,967.50, reflecting a 3.78% increase. Notably, the stock is currently trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

Additionally, the stock has seen a rise in delivery volume, with 346,000 shares delivered on March 19, representing a 31.36% increase compared to the 5-day average. With a market capitalization of Rs 56,064.85 crore, Tube Investments of India continues to demonstrate robust trading dynamics in the current market environment.
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