Tube Investments of India Ltd Sees 19.33% Surge in Open Interest to 16,971 Contracts

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 16,971 contracts, reflecting a rise of 2,749 contracts or 19.33% from the previous open interest of 14,222. This surge in open interest coincides with a trading volume of 28,513 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, Tube Investments has underperformed its sector by 0.56% today, with a 1-day return of -0.41%. 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 in the longer term. The underlying value of the stock is noted at Rs 3,183, with a total futures value of approximately Rs 32,630.35 lakhs and an options value of around Rs 15,385.58 crores.

Additionally, the stock has seen a notable increase in delivery volume, which rose by 62.84% compared to the 5-day average, reaching 99,970 shares on October 23. This increase in delivery volume, combined with the liquidity metrics indicating a trade size of Rs 0.85 crore, underscores the stock's active trading environment. Overall, the notable spurt in open interest highlights a dynamic shift in market engagement for Tube Investments of India Ltd.