Tube Investments of India Ltd Sees 11.82% Surge in Open Interest to 13,886

Tube Investments of India Ltd, a prominent player in the Auto Components & Equipments sector, has experienced a significant increase in open interest today. The latest open interest stands at 13,886 contracts, reflecting a rise of 1,468 contracts or 11.82% from the previous open interest of 12,418. This uptick in open interest coincides with a trading volume of 10,732 contracts, indicating active participation in the market.
In terms of price performance, Tube Investments has outperformed its sector by 1.9%, marking a notable 4.29% gain over the past three days. The stock reached an intraday high of Rs 3,238, representing a 2.79% increase for the day. Additionally, the stock is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.

Despite this positive momentum, there has been a decline in delivery volume, which fell by 31.09% compared to the 5-day average. The stock's liquidity remains robust, with a trading capacity sufficient for transactions up to Rs 1.22 crore. Overall, the increase in open interest and the stock's recent performance highlight a dynamic trading environment for Tube Investments of India Ltd.