Surge in Open Interest for Tube Investments Signals Increased Investor Participation Amid Price Decline

Mar 26 2025 12:00 PM IST
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Tube Investments of India Ltd has seen a notable rise in open interest, reaching 18,423 contracts, alongside a trading volume of 7,975 contracts. Despite this increase, the stock has underperformed, declining over the past few days and trading below key moving averages, while delivery volume has risen significantly.
Tube Investments of India Ltd (TIINDIA), a prominent player in the engineering sector, has experienced a significant increase in open interest (OI) today. The latest OI stands at 18,423 contracts, marking a rise of 2,481 contracts or 15.56% from the previous OI of 15,942. The trading volume for the day reached 7,975 contracts, contributing to a total futures value of approximately Rs 16,891.85 lakhs.

Despite this uptick in open interest, the stock has underperformed relative to its sector, declining by 2.07% today. Over the past four days, Tube Investments has seen a cumulative drop of 6.61%. The stock hit an intraday low of Rs 2,692.30, reflecting a decrease of 2.89% from the previous close. Additionally, the weighted average price indicates that more volume was traded closer to this low price.

Currently, Tube Investments is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the delivery volume has increased by 25.08% compared to the 5-day average, suggesting a rise in investor participation. With a market capitalization of Rs 52,835 crore, Tube Investments remains a liquid stock, suitable for trades around Rs 2.57 crore based on recent trading activity.
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