TVS Motor Company Sees Surge in Open Interest Amid Strong Market Activity

TVS Motor Company Ltd, a prominent player in the automobiles sector, has experienced a significant increase in open interest today, signaling heightened activity in its futures market. The latest open interest stands at 38,703 contracts, up from the previous figure of 34,657, marking a change of 4,046 contracts or an 11.67% increase. The trading volume for the day reached 40,924 contracts, contributing to a total futures value of approximately Rs 89,270.99 lakhs.
In terms of price performance, TVS Motor Company hit a new 52-week and all-time high of Rs 3,044.80, reflecting a 2.73% increase during the trading session. The stock has outperformed its sector by 0.4%, with a one-day return of 2.01%, compared to the sector's return of 1.53% and the Sensex's return of 0.54%. Notably, TVS Motor is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite a decline in delivery volume, which fell by 28.72% against the 5-day average, the stock remains liquid enough for trades of Rs 3.84 crore based on 2% of the 5-day average traded value. Overall, the notable spurt in open interest and robust price performance underscores the current dynamics surrounding TVS Motor Company.