TVS Motor Company Sees Surge in Open Interest Amid Strong Trading Activity
TVS Motor Company Ltd has seen a notable rise in open interest, reaching 44,265 contracts amid increased trading activity. The stock achieved a new all-time high of Rs 3,255.8, reflecting strong market engagement and consistent gains over recent days, while the automobile sector also showed positive performance.
TVS Motor Company Ltd, a prominent player in the automobiles sector, has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 44,265 contracts, up from the previous 38,637, marking a change of 5,628 contracts or a 14.57% increase. The trading volume for the day reached 96,448 contracts, indicating robust market engagement.In terms of price performance, TVS Motor Company hit a new 52-week and all-time high of Rs 3,255.8, representing a 7.8% increase during intraday trading. The stock has shown consistent gains over the past three days, accumulating an impressive 8.64% return in this period. Notably, it opened with a gain of 4.49% today and outperformed its sector by 1.82%.
The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the automobile sector, particularly two and three-wheelers, has gained by 4.77%. With a market capitalization of Rs 1,52,040 crore, TVS Motor Company continues to demonstrate solid liquidity, making it a notable entity in the market landscape.
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