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 44,352 contracts, alongside a trading volume of 104,373 contracts. The stock achieved a new all-time high of Rs 3,255.8, reflecting strong market engagement and consistent upward momentum in the automobile sector.
TVS Motor Company Ltd has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 44,352 contracts, up from the previous 38,637 contracts, marking a change of 5,715 contracts or an increase of 14.79%. The trading volume for the day reached 104,373 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 the trading session. The stock has outperformed its sector by 2.35% and has shown a consistent upward trend, gaining 9.09% over the last three days. Notably, the stock opened with a gain of 4.49% today, further emphasizing its strong market position.
The automobile sector, particularly the two and three-wheeler segment, has also seen a rise of 4.81%. With a market capitalization of Rs 1,52,040 crore, TVS Motor Company continues to demonstrate solid performance metrics, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Overall, the increase in open interest alongside the stock's price performance highlights a dynamic trading environment for TVS Motor Company.
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