TVS Motor Company Sees Significant Surge in Open Interest Amid Increased Market Activity

TVS Motor Company Ltd, a prominent player in the automobiles sector, has experienced a significant increase in open interest today. The latest open interest stands at 49,137 contracts, reflecting a rise of 4,472 contracts or 10.01% from the previous open interest of 44,665. This surge in open interest comes alongside a trading volume of 28,594 contracts, indicating heightened activity in the derivatives market.
In terms of market performance, TVS Motor Company is currently trading close to its 52-week high, just 1.33% away from the peak of Rs 2,958. The stock has shown consistent gains over the past three days, accumulating a total return of 5.06% during this period. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 634,000 shares on June 25, marking a 39.03% increase compared to the 5-day average. With a market capitalization of Rs 1,38,597.16 crore, TVS Motor Company remains a liquid option for traders, with sufficient capacity for transactions around Rs 5.34 crore based on recent trading activity. Overall, the notable increase in open interest highlights the stock's active engagement in the market.