Tube Investments of India Ltd Sees 18.61% Surge in Open Interest to 16,869 Contracts

Tube Investments of India Ltd, a prominent player in the Auto Components & Equipments industry, has experienced a significant increase in open interest today. The latest open interest stands at 16,869 contracts, reflecting a rise of 2,647 contracts or 18.61% from the previous open interest of 14,222. This surge coincides with a trading volume of 24,822 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, Tube Investments has underperformed its sector by 0.72%, with a one-day return of -1.04%. Despite this, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend over the longer term. Additionally, the stock has seen a notable increase in delivery volume, which reached 99.97 thousand on October 23, marking a 62.84% rise compared to the 5-day average.

The company's market capitalization is approximately Rs 61,398.82 crore, placing it in the mid-cap category. Overall, the increase in open interest alongside the trading metrics highlights a dynamic trading environment for Tube Investments of India Ltd.