TVS Motor Company Sees Significant Rise in Open Interest Amid Market Dynamics Shift

TVS Motor Company Ltd, a prominent player in the Automobile Two & Three Wheelers industry, has experienced a notable increase in open interest today. The latest open interest stands at 43,470 contracts, reflecting a rise of 4,151 contracts or 10.56% from the previous open interest of 39,319. The trading volume for the day reached 21,624 contracts, contributing to a futures value of approximately Rs 152,939.18 lakhs and an options value of around Rs 5,824,340.27 lakhs, bringing the total value to Rs 154,127.12 lakhs. The underlying value of the stock is reported at Rs 2,770.
In terms of price performance, TVS Motor Company has underperformed its sector by 0.43%, with a 1D return of -1.38%. This comes after a streak of nine consecutive days of gains, indicating a trend reversal. Despite this recent decline, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a significant drop in delivery volume, which fell by 60.55% compared to the 5-day average, suggesting a decrease in investor participation. Overall, the increase in open interest highlights a shift in market dynamics for TVS Motor Company.